Cash in the bank
Finally, your plan is approved. Your balance sheet has changed. The total of debt or equity has increased and cash at bank has been boosted by a similar amount. This cash will soon run down as you convert the new-found liquidity into fixed assets, inventory and operating costs. The challenge is to move it through your profit and loss account and back on to a growing balance sheet as cash or investments on the assets side and a matching increase in retained earnings on the other side. The business plan's job is not done yet. It is time to take a look at how you use the plan to run a successful business. You have to prove that your plan will work. Chapter 13 takes you through that process.
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