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Financial Plan

The key to starting a successful business is good preparation. You will have forms to fill out before your company starts operating, invoices to pay first. Understanding your spending will help you start your activities successfully.
Monthly expenses usually include things like salaries, rent and utility bills. If you are going to prepare a financial plan for your company for the first time, it is important that you calculate monthly expenses for at least one year. In the long run, it will be useful to make a general account for the first five years.

Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.

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