The lack of adequate funding is the number one reason entrepreneurs and new businesses fail, according to experts. Performethods believes strategy comes before funding and therefore a lack of strategy is the precursor to the lack of adequate funding. In this module will talk about the importance of a startup budget, forecasts of ongoing expenses and expected revenue, as well as good record-keeping habits.
- Features:
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- how to create a startup budget, example of a simple budget, how to create one-to-three-year pro forma projections, the importance of record-keeping, high-level overview of available tools to help stay financially organized.
- Benefits:
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- you will know what you need financially to start your business, will have information for discussion with investors and banks, you will be able to track your actual spending against budget to help make beneficial decisions on your spending.