Every startup needs to have a solid business plan in order for it to survive the initial stages and grow into a successful business. Unfortunately writing a business plan that is credible and works is not as easy as just putting pen to paper and writing out of the top of one’s head. A business plan includes numerous aspects but one of the most important segments of it is the financial plan for a...
A financial plan is a necessity for every startup especially if you want to get investment from an angel investor, a venture capitalist, or even a family member or friend. However, sometimes startup financial planning can lack imagination. You might wonder why is financial planning important for startups? They provide insight into the company we can expect to see but not the one that we actually...
The biggest concern for any entrepreneur is cost management and planning. Estimating the average costs involved in starting up a business is quite a challenge as numerous factors need to be considered before calculating the average costs involved in starting up a firm. The key to addressing this concern is to determine a budget for a startup business. Our network of seasoned entrepreneurs...
Businesses require funding for a variety of reasons. There are, however, a few common reasons why businesses require finance in order to keep functioning. To the outsider, a business might appear to be doing fine and we might wonder, why do businesses need finance? Well, there could be a number of reasons why a company needs finance despite the fact that it might appear to be doing well enough on...