Business plan terms confusion? -

I m trying to come up with a business plan which I have never done before, my backer asked is to come up with financial projections, incorporating start-up and other costs (capital and overheads), financing plans and projected Balance sheet, profit and loss account and a cash flow.This sounds like Greek to me, and I looked them up but they all pretty much look like the same thing ?

Financial Projections are all of these...Incorporating Start up Costs are those costs necessary to register with gov t at all levels, get tax id, permits, etc.Capital costs - getting a premises, buildings, machinery, shelving, desks, computers, etc.Overheads, the cost of doing the business, paying utilities, salaries, parts to make your product, etc.Financing plans, how much debt will you take on and how will you pay itProjected balance sheet - what assets will you purchase, what debt will you take on, how much owners equity will there be.Profit and loss - how long will it take you to start making more money than you have to spend to stay in business. what is your break even point - key to this is your price points on your products and what kind of contribution margin will you have...Cash flow - projection of revenue from sales; cash sales, collections on accounts receivable, etc... Will you have enough cash on hand to be able to pay your bills, workers, and so on.It is a lot to do, be conservative in your estimates of how quickly you will be paid and sales revenue. A lot depends on what kind of product or service you are selling. What is the demand and/or price elasticity of your product?Good luck!

Score, a free small business mentoring resource, offers a start-up template that can help you.