There are several aspects to creating a business plan for a startup company such as writing your mission statement, learning how to market your company’s products and services, but writing a financial plan is one of the most critical factors in developing your small business. Without a section narrowing down your financial goals, you won’t win over investors or be able to achieve receiving a loan from the bank. Even if you feel as if your small business is secure financially, a financial plan can guide you on how to run your business. Still, what exactly are the components of a financial plan that you need to be aware of? Keep reading for a guide on significant elements of your business plan.