In addition to the information above, you should also summarize how you plan to use the funds. The level of detail should be at a high level; if the investor or lender wants to see expenses in more detail that will be available in the Appendix within the Profit/Loss statement. Take control of what content you see. From inspiration on starting a business to learning more about how to find solutions - make our site yours and never miss a beat. Add your favorite articles, videos, podcasts, and more to your Queue so you can enjoy them anytime on any device. Edmunds has a bachelor's degree in journalism. You start here, today, with certain resources and abilities. You want to get to a there, a point in the future (usually three to five years out) at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale.