A pro forma income statement template for an MVP (Minimum Viable Product) with a 5-year forecast typically includes the following elements:

1. Revenue: This includes all the income generated from the sale of the product or service. It's usually the top line in the income statement.

2. Cost of Goods Sold (COGS): This includes all the direct costs related to the production of the goods sold by a company.

3. Gross Profit: This is calculated as Revenue - COGS.

4. Operating Expenses: These are the costs related to the operation of the business that are not directly tied to the production of goods or services.

5. Operating Income: This is calculated as Gross Profit - Operating Expenses.

6. Interest and Taxes: These are the costs related to interest payments on debt and taxes.

7. Net Income: This is the bottom line of the income statement, calculated as Operating Income - Interest and Taxes.

You can find many templates online, or you can create your own in Excel or another spreadsheet program. Remember to adjust the numbers as you gather more information about your business and market.

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A startup pro forma can be used to compare different venture opportunities by providing a detailed financial projection of each venture. It includes the cost, expected revenue, and the point at which the venture will break even. By comparing these factors, one can assess the profitability and feasibility of different ventures.

There are several ways to present a startup pro forma to non-financial stakeholders. One way is to use visual aids such as graphs and charts to illustrate the financial data. This can make it easier for non-financial stakeholders to understand the information. Another way is to provide a narrative explanation of the financial data. This can help non-financial stakeholders understand the context and implications of the financial data. It's also important to highlight key points and takeaways, and to be prepared to answer questions and provide additional information as needed.

A startup pro forma can be used to identify potential challenges in a new venture by providing a detailed financial forecast. This includes projected costs, revenue, and the point at which the venture will break even. By analyzing these projections, potential challenges such as insufficient funding, unrealistic revenue expectations, or a longer than expected timeline to profitability can be identified and addressed.

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