What does it take to have a financially feasible business? The short answer is Money! But, where does this money come from? Come explore your business’s financial feasibility in three areas—start-up or expansion, profits, and cash. Then, you will explore potential debt and equity sources of funds to help support these areas and create a financially successful venture.
Agenda
Unit 1
Determining your business’s financial potential
identifying your personal financial goals
Projecting how your business will help you reach your financial goals
Typical funding stages in business
Knowing where people get money to start and operate a business
Unit 2
Estimating the business’s profit potential
Estimating projected sales for three years
Projecting expenses for three years
Comparing your projections to industry standards
Making changes to improve profitability
Unit 3
Projecting the business’s cash flow
Estimating how much money is needed
Determining your cash sources for three years
Determining your cash needs for three years
Improving cash flow
Unit 4
Evaluating funding needs against potential sources
What debt sources are available for your needs
What equity sources are available for your needs
What the funding requirements are
Putting together a funding request
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