Determine Personal Net Worth
Provide a potential lender with a clear snapshot of your current financial situation. You want to provide enough information for the lender to make an informed decision as to whether to invest in your business venture.
Action
If you have set up a working copy of your business plan using the Shell™, this information will be entered included in your business plan as an appendice. It will be included under Section 6 Appendices “Personal Net Worth Statement(s).”
- Determine whether you need a Personal Net Worth Statement. If one is required, gather the information, complete the form and attach it to your loan application or business plan. If you are applying for a loan, the lender will probably have a preferred format for you to use.