Answer :
Two elements in a business plan that are solely focused on financial factors are the Funding Request and the Financial Projections sections.
What is a business plan?
A business plan is a strategy document that contains the following information about a business:
- Mission statement
- Firm's product or service
- Company's leadership team
- Company's leading employees
- Company's location
- Financial information
- Growth plans.
According to the SBA, the business plan must contain the following nine elements:
- Mission Statement
- Date of business commencement
- Names of founders and their functions
- Number of employees and location of the business, including branches or subsidiaries
- Description of plant or facilities
- Products manufactured/services rendered
- Banking relationships and information regarding current investors
- Summary of company growth including financial or market highlights
- Summary of management's future plans.
Thus, the two elements in a business plan that are solely focused on financial factors are the Funding Request and the Financial Projections sections.
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