## Introduction
A financial plan is a roadmap for your company’s financial future. It helps you make decisions about how much money you need, when you need it, and how you will get it. A financial plan also helps you decide how much risk you are willing to take with your money.
In this guide, we will walk you through the process of creating a basic financial plan for a blockchain start-up. We will also show you how you can use the financial plan to make smart decisions about your business and your personal finances.
## What is a Financial plan?
A financial plan is a road map for the financial future of your company. It shows you where you are today, where you want to be in the future, and the steps you need to take to get there. It is a living document that you can update as your company grows and changes. It can also be used to help you make financial decisions, such as when to borrow money or when to sell shares.
A good financial plan helps you answer questions like:
– How much money do I need?
– How much money will I need in the next year, the next five years, or the rest of my life?
– How much risk am I willing to accept with my money? How much do I want to borrow? How do I plan to repay the loan? How will I pay back the loan if I need to sell my company? How long will it take me to pay the loan back if I have to sell the company? What will happen if I can’t pay back my loan?
– Will I be able to make the payments? If not, what will happen to my company and to my personal finances? Will I lose my job? Will my family lose their home? Will we have to move to a cheaper place to live? What if my company goes out of business? How can I protect myself and my family from these risks?
– Do I have enough money to start my business? What are the risks of starting a business without enough money? What should I do if I run out of money before I have a product or service to sell? What can I do to make sure that I will have money to pay my bills, pay my employees, and pay my taxes? How should I invest my money so that I can make the most of it? What is the best way to save for my retirement? Should I invest in stocks, bonds, mutual funds, real estate, or something else? What kind of returns can I expect from each of these investments? What risks am I taking by investing in these different types of investments? How does my personal financial situation compare to the financial situation of other people in my industry or my industry as a whole? What steps can I take to improve my financial situation? What options do I have if I don’t like the answers to these questions?
– How can I get more money? Can I borrow money from my family, friends, or a bank? If I do borrow money, how much can I borrow, and what is the interest rate I will be charged? Can I get a loan from the government? If so, what are the terms of the loan and what will I be required to do in return for the money? If the loan is from a bank, how do I know that the bank will be willing to lend me the money and that the loan will be repaid when I need it? If my company doesn’t have any money, can I sell some of my company’s assets to raise the money I need for my company to grow? If that’s not an option, what other ways can I use to raise money? Can my company sell products or services to other companies? Can the company raise money by selling equity in the company to other investors? What other options are available to raise capital? What advantages and disadvantages are there to each option? What questions should I ask before I decide which option is best for me?
## How to create a basic business financial plan
The first step in creating a financial planning document for your business is to decide what information you will need to complete the plan. Here are some questions to ask yourself when deciding what information to include in your financial plan:
– Do I need a formal financial plan or can I just write down my thoughts on a piece of paper? How detailed should my financial plan be? How many pages should it be? What information should I include on each page of the plan? How often should I update my plan? What happens if I change my mind about something I wrote down in my first draft of my plan or if I find out something new that I didn’t know when I wrote my plan the first time around? Do I want my plan to be easy to read and understand, or should I write it in a way that is difficult to read or understand? What format should my plan be in? Should it be a spreadsheet, a word document, or some other type of document? What type of information should be included in my plan: financial statements, profit and loss statements, balance sheets, cash flow statements, projections, etc. ?
– What information do I already have about my company, my industry, and my competition? How accurate is the information that I have? Is there any information that is missing from my plan that I should add to it? Is the information I have accurate and up-to-date? If it isn’t, what should I change or add to my plan so that it is more accurate?
Once you have answered these questions, you will have a good idea of what kind of financial information you need in your plan. The next step is to figure out how you will collect this information.