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Equity is the difference between assets and liabilities—the true value of your business. The $10,000 net income in the income statement increases equity in the year-end balance sheet.
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    Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish.

  • Input the year-end balance sheet and income statement into your Excel template.
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    It’s a good way to get started, but as you know, you can’t just type in your details, print it, and turn it in to the bank.

  • This section of your simple business plan template explores how to structure and operate your business.
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    Writing a business plan for a startup can sometimes seem overwhelming.

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