BUS437 Ashford University Business Plan Discussion 4 These are two separate discussion posts not one paper. Both discussion posts need to be completed. Any

BUS437 Ashford University Business Plan Discussion 4 These are two separate discussion posts not one paper. Both discussion posts need to be completed. Any references used should be in APA format and cited in the body of the posts as well as a reference section. There is no word or page requirement, but please provide the fullest answer possible. Sequence of informationYour friend is getting ready to write a business plan for a new business. Your friend told you the plans are to prepare the financial statements first to get that job out of the way before the rest of the plan is developed. Explain the flaw in this approach. What value does it provide the entrepreneur to write the financial section as the last part of the business plan?Financial projectionsRespond to your hypothetical friend’s question: “How in the world do you project income and expenses for a business that doesn’t exist?”