For an existing business,the financial section should report five-year projections and not the past year's since future progress is what bankers lend you money for.

Question

Quizplus · Accepted Answer

The financial section of a business plan should include both past financial performance and future projections. Bankers and investors need to see historical data to assess the business's track record and financial health, as well as projections to understand future potential.

For an Existing Business,the Financial Section Should Report Five-Year Projections