Physical Resources
A business balance sheet, also known as a net-worth statement, will provide a complete summary of existing physical resources and their values. The asset side of this financial statement itemizes current, intermediate and long-term assets you own. Current assets will include cash, accounts receivable, feed and crops on hand to name a few. Intermediate assets primarily include machinery and cattle. Long-term assets include land and buildings. This can be used as a base to develop a long-term business plan that projects additional resources needed to become a profitable business.
Resources
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