Determines the feasibility of how your company plans to make money to grow,

forecasts the cash investment needs your business will require (initially and in the future).

The financial plan of a business, new or existing, has to prove that the business idea is viable and that the business will survive on the start-up capital until it makes a profit,

Provides you a “scorecard” that you can refer to when comparing what you anticipated your financial performance to be at a given time versus the actual numbers at that time, it will also explain how much money is needed to start and operate the business.