If you expect to present your business plan to potential lenders, the following forms will guide you in calculating your net worth.

Personal Financial Information

To present your business plan to potential lenders, include personal financial information on anyone owning 20 percent or more of the business:

The following worksheet can serve as a guideline for calculating net worth.

Assets   

Amount   

% Return on Assets

Cash   

   

  

On hand   

    

In Checking Accounts   

    

Real Estate- Owner Occupied (Market Value)   

   

  

Productive Assets   

   

  

In Savings Accounts   

    

In Credit Union   

    

U.S. Savings Bonds (Current Value)   

    

Certificate of Deposits (Current Redemption Value)   

    

Loan Receivable (Debts Owed to You)   

    

Life Insurance (Cash Value)   

    

Business Investments (Market Value)   

    

Annuities (Surrender Value)   

    

Equity in Pension Plan   

    

Equity in Profit-Sharing Plans   

    

Government Securities (Market Value)   

    

Corporate Bonds (Current Market Value)   

    

Municipal Bonds (Current Market Value)   

   

  

Stocks (Current Market Value)   

    

Mutual Fund Shares   

    

Stock Options   

    

Rental Properties (Market Value Minus Selling Costs)   

   

  

Farm Real Estate   

    

Personal Assets:   

    

Household Furnishings (Furniture, Appliances, Equipment)   

    

Automobiles, Trucks   

    

Jewelry   

    

Boats/Snowmobiles   

    

Power Tools   

    

Furs   

    

Paintings   

    

Collectibles   

    

Recreation and Hobby Equipment   

    

Silver   

    

Other Assets   

    

Tax Refunds, Deposits, Farm Machinery, Livestock & Grain   

    

TOTAL ASSETS   

    

 

Liabilities   

Amount

Mortgage   

 

Notes Payable   

 

Stocks on Margin   

 

Loans Payable:   

 

Banks   

 

Credit Union   

 

Autos   

 

Appliances   

 

Home Improvement   

 

Furniture   

 

Vacation-Travel   

 

Insurance Policy   

 

Other Liabilities:   

 

Household   

 

Taxes Due   

 

Interest Due   

 

Medical   

 

Store Accounts   

 

Charge Accounts   

 

Personal Loans   

 

Installment Debts   

 

TOTAL LIABILITIES:   

 

Calculation:   

 

Total Assets   

 

(Minus)   

 

Total Liabilibties   

 

NET WORTH   

 


Note: Figures can be easily transferred to the appropriate form required by the lender.

Initial Capital Needs

An aquaculture venture is economically feasible if an aquaculture product can be produced at a cost competitive with other sources and can be reasonably profitable. This table will help you determine your initial capital needs.

Item   

One Time   

1-3 Months   

3-6 Months   

6-12 Months   

Total

Fixed Assets:   

   

    Land   

    Buildings   

    Machinery   

Furniture   

Fixtures & Installation   

Equipment & Installations   

Vehicles   

Decorating & Remodeling   

Starting Inventory   

    Materials   

    Supplies   

    Rent   

    Utility Deposits   

    Monthly Utilities   

    Decorating & Remodeling   

    Advertising & Promotion   

    Owner Salary   

    Wages/Salaries   

    Operating Expenses*   

    Licenses, Permits   

    Legal/Professional   

    Insurance   

    Initial Expenses   

    (Promotion, Etc.)   

   

Cash Reserves
    Inventory Reorder   

    Emergency Fund   

    Shrinking Markets   

    Rising Material Costs   

Other   

Total Capital Needs   

   

Minus:   

   

    Owner's Investment   

   

    Other Investors   

   

Total to Borrow   

  

(Turok, 1995)
Allow for a reasonable period of time to elapse before income from the proposed idea will cover regular monthly expenses (3 to 6 months).


 Pro Forma Balance Sheet

This document will help you consider your assets and liabilities.

Business Name________________Pro Forma Balance Sheet as of___________________

 

   

Beginning
 of Year   

End of
 Year

Assets   

   

    

Current Assets   

      

Cash   

   

 $ $

Accounts receivable   

 $    

    Less Allowance for doubtful Accounts

 $ $ $

Notes Receivable

  

$   

 $

Inventory   

   

    

    Fish

   $ $

    Supplies

   $ $

Prepaid Expenses   

   $ $

        Subtotal Current Assets

   $ $

Intermediate Assets   

      

Broodstock

   $ $

        Subtotal Intermediate Assets

   $ $

Fixed Assets   

      

Land

   $ $

Property & Equipment

 $    

    Less Accumulated   

      

    Depreciation

 $ $ $

Buildings

 $    

    Less Accumulated   

      

    Depreciation

 $ $ $

        Subtotal Fixed Assets

   $ $

Intangible Assets   

      

Patent and Copyright

   $ $

Goodwill

   $ $

Subtotal Intangible Assets

   $ $

Total Assets

   $ $

Liabilities   

      

Current Liabilities   

      

Accounts Payable

   $ $

Accrued Payroll

   $ $

Taxes Payable

   $ $

Notes Payable 

   $ $

Interest Payable

   $ $

Current portion of Long-Term Notes 

   $ $

Subtotal Current Liabilities 

   $ $

Long-Term Liabilities   

      

Total Long-Term Liabilities

   $ $

Subtotal Liabilities Less Current Portions

   $ $

Equity   

      

Original Investment

   $ $

Plus Net Income

   $ $

Less Owner's Draw

   $ $

Subtotal Equity

   $ $

Total Liabilities and Equity 

   $ $

(Turok, 1995)

Pro Forma Income Statement

This document will help you assess your yearly revenues and expenses.

Name of Business __________________________________________
For the month/year ending __________________________________

 

   First Year   

 Second Year   

   Third Year   

 

Amount   

Percent   

Amount   

Percent   

Amount   

Percent

Revenue:   

           

Gross Fees (service business or   

$   

%   

$   

%   

$   

%

Gross Sales (retail or manufacturer)   

$   

%   

$   

%   

$   

%

    Less Sales Returns & 
    Allowances   

$   

%   

$   

%   

$   

% 

    Less Sales Tax   

$   

%   

$   

%   

$   

%

Net Revenue   

$   

100%   

$   

100%   

$   

100%

             

Cost of Goods Sold   

           

    Beginning Inventory   

$   

%   

$   

%   

$   

%

    Plus Purchases (retailer) or   

$   

%   

$   

%   

$   

%

    Plus Cost of Goods
    Manufactured   

           

    (manufacturer) & freight   

$   

%   

$   

%   

$   

%

Total Goods Available for Sale   

$   

%   

$   

%   

$   

%

    Less Cash Discounts   

$   

%   

$   

%   

$   

 %

    Less Ending Inventory   

$   

%   

$   

%   

$   

%

Total Cost of Goods Sold   

$   

%   

$   

%   

$   

%

Gross Income (gross margin)   

$   

%   

$   

%   

$   

%

             

Expenses:   

           

Accounting & Legal   

$   

%   

$   

%   

$   

%

Salaries/Wages/Commissions   

$   

 %   

$   

%   

$   

%

Payroll   

$   

%   

$   

%   

$   

%

Delivery   

$   

%   

$   

%   

$   

%

Utilities/Telephone   

$   

%   

$   

%   

$   

%

Advertising*   

$   

%   

$   

%   

$   

%

Depreciation   

$   

%   

$   

%   

$   

%

Rent   

$   

%   

$   

%   

$   

%

Maintenance & repair   

$   

%   

$   

%   

$   

%

Insurance   

$   

%   

$   

%   

$   

%

Bad Debts (accrual basis)   

$   

%   

$   

%   

$   

%

Supplies   

$   

%   

$   

%   

$   

%

Entertainment & Travel   

$   

%   

$   

%   

$   

%

Mortgage Interest   

$   

%   

$   

%   

$   

%

Miscellaneous   

$   

%   

$   

 %   

$   

%

Lease Payments   

$   

%   

$   

%   

$   

%

Total Expenses   

$   

%   

$   

%   

$   

%

Net Income (loss) Before Taxes   

$   

%   

$   

%   

$   

%

    Taxes on Income (Corporation 

$   

%   

$   

%   

$   

%

Net Income (loss)   

$   

%   

$   

%   

$   

%

(Turok, 1995)