Make a Funding Plan Part of Your Start-up Capital Quest
Our cover story this issue will help you get the funding needed to launch and build your business. Make sure that you include a funding plan as part of start-up funding. A funding plan will help you to maximize scarce startup dollars. There is never enough capital to cover a typical business’s startup needs. If you don’t have a plan in place, chances are you’ll misallocate funds. Keep your funding plan simple. The most important element is to accurately forecast start-up expenses. In launching a new business, the greatest share of expenses typically go to marketing and advertising, such a direct ads, publicity on your launch, social media connections, networking, selling expenses, and more. Map out the best ways to market in these mediums, as part of your marketing plan. Forecast…