Home | Search | Register | Sign in Funding Needed Looking To Invest Business Ideas Need an Expert Resources All About Angel Investors All About Venture Capitalists Business Funding Resources Small Business Funding Startup Capital Needs Business Plans & Proposals Entrepreneur – New Business The Importance Of Quality Business Plans Viewed: 20995 Times Securing startup capital for your new business can be a tricky process. At this point in time of getting your new business going, your business plans are essential at this stage of setting up your business. In it you will already have scoped out what your money needs are and how you plan to raise the startup capital, and you’ll be using it to persuade potential investors and lenders of the benefits of funding your new business. Your financial calculations in your business plans therefore need to be thorough and accurate and presented with confidence. Everyone expects that they’ll be able to stick to their business plans and only need to borrow the absolute minimum, but more often than not something unexpected crops up to throw a wrench in the works. It therefore makes good business sense to include a contingency element in the amount of startup capital you request. It’s better to do that now and have the extra cash as a safeguard than it is to have to return to your lender or investor not far down the line to ask for more money. If it wasn’t in your original business plans they are likely to be concerned about your financial ability and your request may be rejected. Many people wonder how much startup capital they should request. You want to keep costs to a minimum and invest your money wisely in your new business, while still having the security of a little extra for backup if required. What startup capital you borrow should give you a realistic challenge for your new business but should not be too risky. And back up your calculation with evidence in your business plans, since it has to be credible.  Digg It    Stumble It    Deli.icio.us Related Articles Business PlansQuality Business plansWriting A Business PlanEvaluating The Business PlanNew Business ProposalCreate a Business planBusiness Plans to raise capitalEssentials Of A Business PlanWriting A Business LetterCreating Business StrategyTips For Business PlansQuality business plan About Us | Terms of Use | Privacy Policy Contact Us | Help | User Blog | Links Angel Investor Network | Venture Capital Firms | Raise Capital Find Startup & Small Business Funding © 2010 Go4Funding.com All rights reserved.

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The Importance Of Quality Business Plans


Viewed:
20995
Times


Securing startup capital
for your new business can be a tricky process. At this
point in time of getting your new business going, your business plans are essential
at this stage of setting up your business. In it you will already have scoped out
what your money needs are and how you plan to raise the startup capital, and you’ll
be using it to persuade potential investors and lenders of the benefits of funding
your new business.

Your financial calculations in
your business plans
therefore need to be thorough
and accurate and presented with confidence. Everyone expects that they’ll be able
to stick to their business plans and only need to borrow the absolute minimum, but
more often than not something unexpected crops up to throw a wrench in the works.
It therefore makes good business sense to include a contingency element in the amount
of startup capital you request. It’s better to do that now and have the extra cash
as a safeguard than it is to have to return to your lender or investor not far down
the line to ask for more money.

If it wasn’t in your original business plans they are likely to be concerned about
your financial ability and your request may be rejected. Many people wonder how
much startup capital they should request. You want to keep costs to a minimum and
invest your money wisely in your new business, while still having the security of
a little extra for backup if required. What startup capital you borrow should give
you a realistic challenge for your new business but should not be too risky. And
back up your calculation with evidence in your business plans, since it has to be
credible.


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