Developing a Financial Plan

Because you didn't want your business to be so small that it stayed under the radar of fellow students and potential customers, you knew that you'd need to raise funds to get started. So what are your cash needs? To answer this question, you need to draw up a financial plan - a document that performs two functions:

  1. Calculating the amount of funds that a company needs for a specified period
  2. Detailing a strategy for getting those funds
Back to '4.6: Financing Options'