1. CURRENT AND PROJECTED
FINANCIAL STATEMENTS
The financial section has three elements:
• Identification of risks
• Competitors cutting costs
• Costs exceeding projections
• Demand for your product or service declining
• Financial statements
• Pro-Forma Financial Statement
• Funding request and return on investment
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2. ADDITIONAL ELEMENTS
OF THE BUSINESS PLAN
Some businesses need to provide additional information in their
business plans related to:
 Licensing
 Legal restrictions
 Regulations
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3. Components Of The Operations
Section
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Licenses & Permits
Insurance Required
After Sale Service
Threats To Your Business

4. Licenses & Permits
• Under the operation section of your business plan be
sure to provide the reader with information on any
licenses and permits your planned business venture
may require.
• The licenses and permits required will certainly
depend on your particular business endeavor.

5. Licenses & Permits
• For instance, an entrepreneur building a licensed
restaurant will be required to obtain a liquor license, a
building permit, a zoning permit, and a license from
the health department for kitchen equipment and
ventilation.

6. Examples of Places To Look
Local Small Business Administration
Food and Drug Administration
Business Service Centre (Canadian residents)
Customs Border Services
Local Chamber of Commerce Office
Department of labor
State/Province Revenue Division
Department of Building
Internal Revenue Service (IRS)
Department of Environment
Revenue Canada (Canadian residents)
Department of Justice
Industry Canada (Canadian residents)
Department of Industry
Your State/Provincial Department
Department of Finance
Department of Business Development
State/Provincial Treasury
Foreign affairs and International Trade
A Lawyer
Worker's Compensation Board
An Accountant
Business Development Bank of Canada
Local City Hall
Department of Health and social services
Department of Transportation
State Department of Commerce
Department of health & Safety

7. Insurance Required
• The operation section should also indicate the types
of insurance your proposed business venture will
need.
• The type of insurance a business will need certainly
depends on the nature of the business.

8. Examples of Insurance
General Liability Insurance
Term Life Insurance
Product Liability Insurance
Medical Insurance
Automobile Liability Insurance
Group Insurance
Fire & Theft Liability Insurance
Worker's Compensation Insurance
Business Interruption Insurance
Shareholders' or Partner's Insurance
Personal Disability Insurance
Overhead Expense Insurance
Key Person Insurance
Malpractice Insurance
Business Loan Insurance
Errors and Omissions Insurance
Crime Insurance
Glass Insurance
Personal Insurance
Marine Insurance

9. After Sale Service
• In general, after sales service means providing
additional 'offerings' to the customer even after
he/she has purchased your product.
• Many after sales services exist such as warrantees,
repair services, restoration and cleaning, installation
of product, removal of product from customers'
premises, extended credit terms, and sales returns,
just to name a few.

10. Threats
• A threat is an external factor (outside the business)
that may effect the performance of your business. The
most obvious effect would be a reduction in
corporate sales

11. Examples of Threats
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Government Regulations
Economic Environment
The Weather
Changing Customer Patterns
Product Liability
Technological Changes