WS Assignment " Financial Plan ( First Draft ) Entrepreneurship Financial Plan ( First Draft ) This week , you will build your draft financial plan . You only need to do it for the first year You will have a SW chance to carry the plan out to the out years in next week's assignment . For this week complete the following 1 . A list of key assumptions that drive your financial model . It is strongly encouraged that you find comparable companies and use industry ratios to justify your assumptions . Assumptions should be on one of the pages of the spreadsheet workbook ONLY SUBMIT ONE FILE ! 2 . Year 1 : Monthly and year- end income statements and cash flows ; and a year -end balance shee Note : Use Excel or compatible spreadsheet to build your first year pro forma . Templates are available here to make this MUCH easier