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A business plan goes beyond the forecasting of a Feasibility Study. It provides details on the multiple factors required to develop a social enterprise (SE) and can be used as a planning tool by the management team or presented to a potential investor.
The Pro Forma Income Statement is a summary listing of the revenue and expenses generated by the enterprise activity in a specific time period. Generally the time frame for a Pro Forma Income Statement in a Business Plan is three fiscal years. In the planning stage, financial statements are called ‘Pro Forma,’ which means they show what is expected. This document can also be referred to as the Profit and Loss Statement.
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