One of the most important steps in the opening of a new business is creating a sound financial plan.  The financial plan will be used by potential investors to determine whether or not they will invest in your business and will be a tool that you use to manage the business effectively.  Owners must be aware of the financial position of the business and any changes that occur in the financial status of the business.

This section focuses on developing a financial plan, financial management, fiscal planning, and financing your new business.  We will discuss preparing projected financial statements, conducting ratio analysis, performing break-even analysis, and other issues related to the financing and accounting of a small business.