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CONTENTS

STAGE 1

g) Funding & Financials
Continued

Key Financial Statements
for all Start Up businesses

It is of paramount importance as well as
enshrined in corporate law that you keep up
to date records of your business’s inancial
performance. Investors and indeed all of your
stakeholders will seek key inancial documents
from your business plan. You will need the
expertise of a qualiied accountant to help
prepare these vital documents. (ref CFO job
spec).
There are 4 key inancial activities to bear in
mind when running a business.

1. Proit & Loss Statement

2. Balance Sheet

3. Cash Flow Statement

4. Budget Forecasting

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