Script:
Many small businesses fail because of poor financial advice. Remember, a small business is no different from a large company in that financial planning is the key to success. Therefore, creating a projected financial statement is the first and most important step one should take when starting up a small business. It is realistic to expect your small business to become profitable during its first five years, but typically not during the first year. With this in mind, you can set reasonable targets and project expenses for the first year or two of your business. This will help you know what funds you need to raise in order to get and keep your business going.