How much money do you actually need to start and sustain your business
until it reaches break-even? It’s the most important question you need
to answer before seeking funding. Without a complete picture of your
financial needs, you risk pursuing funding that falls short of
sustaining your business or taking on more financing than necessary.
In this practical webinar, you’ll learn a step-by-step approach to
calculating your startup funding requirements that goes beyond
opening-day expenses. By accounting for startup costs, early cash
shortfalls, owner financial needs, and contingency reserves, you’ll
develop a clearer understanding of how much capital your business
needs and how much outside funding you may require.
You’ll also receive a practical worksheet to help you apply these
concepts to your business and develop a realistic startup funding
plan.
In this webinar, you’ll learn how to:
- Identify and estimate the costs of starting your business
- Calculate additional cash requirements needed to reach break-even
- Account for owner financial needs, potential delays, and contingency
reserves
- Determine how much personal capital you can realistically contribute
- Calculate your total funding requirement and remaining funding gap
- Evaluate potential funding sources based on your business needs and
funding requirements
