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Question:
Our business is a startup provider of Internet and telecomunications services. We are a new entity that has been associated with an experienced ISP. We have received promises for debt financing to purchase equipment that will allow us to expand and to service our customers more profitably. We will be receiving our financing in 8 equal payments, every 3 months, for 2 years. What type of Business Plan Pro business category do we fit into? Would you please indicate which financial sheets we should be using?
Answer:
In the latest version of Business Plan Pro you don't have to select a type of business, just start a plan and the plan wizard will ask you the questions, you answer them, and it sets you up. I think you're going to say you sell services, and I think you want to forecast your sales by units, and you may or may not want to divide expenses into categories.
The wizard also sets up the tables for you, so you don't see the ones you don't need. The table-by-table instructions will help you decide whether you should ignore individual tables, it depends on specifics, but the instructions are there.
There will be no problem entering your incoming investment money, there is a row for that in the cash flow so it absorbs it into the cash and automatically calculates the changes in your balance sheet.
Tim Berry
