3.3.5.3 Projected Cash Flows
The cash flow statement shows the movement of cash, as against profits, which may accrue at a later date. Many profitable businesses go bankrupt because they do not have cash to pay for their day to day obligations.

So make a monthly cash flow statement for the first year and a quarterly statement for the next two years. This statement will show how much physical cash is flowing into the business and how much is flowing out. And at all times, one should plan to have ready cash to meet immediate liabilities.

Basically in a cash flow statement you will carefully consider cash receipts expected in each month followed by the cash expenses expected to be incurred in the same month. You will find this statement to be similar to a profit and loss statement, except that it will not be "in sync" with it. It will typically have the structure shown on the next page.

3.4 Environmental Impact
Consider what impact, if any, your project may have on the environment in terms of various types of pollution and other damage to the ecology. Specify what steps do you plan to take to mitigate them. These may seem unimportant considerations today, but they are important nonetheless from the long-term business interest.

3.5 Critical Risks
Actually you would have mentioned the risks to your business in previous sections relating to marketing, competition and finance etc. respectively. This is a summary of all the perceived risks enumerated in one place. In addition, you can mention ways you plan to handle them. Some risks are insurable. Some risks can be hedged. Some risks just cannot be avoided but they must be taken note of, all the same. In any case, it is important to foresee all contingencies and have a plan to deal with them in case they were to actually happen to your business.