If you are seeking investment capital for your recruiting business plan, it is likely that you will need to include three to five years of financial projections. This may be computed in the form of an income statement, cash flow projections,
and balance sheet. Creating a detailed financial model will help you to not only budget for expenses, but also determine a pricing strategy and identify key risk areas. When requesting money for a new recruiting company, a popular
amount is to acquire the initial startup capital in addition to the first three months of expenses. Since the first three months will be a risky period, you do not want to have cash flow concerns while you are attempting to place your
first round of candidates.