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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