Being able to summarize your important financial points allows the Lender/Investor insight into whether or not you understand how the money world operates.
Provide support for:
The financial industry judges your potential success by Risk Management Association (RMA) standards and ratios. If you’re not a good numbers person ask your accountant to calculate the following ratios:
There are many good computer financial programs available to assist you in formatting your projections. If you aren’t computer literate, recruit someone who is. After you have taken a run at the numbers by yourself.
It is always a good idea to have your accountant look them over and to have someone with industry experience review them, such as a Service Corps of Retired Executives (SCORE) counselor.
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