BDC offers free financial plan template for entrepreneurs

The Business Development Bank of Canada (BDC) has introduced a free financial plan template for entrepreneurs. Available in Excel format, the tool is designed to assist businesses in projecting their revenues and expenses for the upcoming months.

The template aims to help entrepreneurs better plan for potential cash flow dips, identify financing requirements, and strategically time the initiation of new projects. BDC highlights that the tool can be used to measure a company's progress and assess the optimal timing for launching new ventures.

The resource is intended for various business roles, including CEOs, CFOs, operations managers, and sales managers. These individuals can utilize the template to measure performance, plan financing strategies, and assess the company's overall financial health.

Downloading the template requires completing a form, which BDC states is entirely free. The bank requests basic information such as business name, industry, and number of employees. BDC also provides access to other resources, including a financial management toolkit and working capital projection tools.