SCORE: Before You Ask for Money: Build Your Startup Funding Plan

About this event

How much money do you actually need to start and sustain your business until it reaches break-even? It’s the most important question you need to answer before seeking funding. Without a complete picture of your financial needs, you risk pursuing funding that falls short of sustaining your business or taking on more financing than necessary.

In this practical webinar, you’ll learn a step-by-step approach to calculating your startup funding requirements that goes beyond opening-day expenses. By accounting for startup costs, early cash shortfalls, owner financial needs, and contingency reserves, you’ll develop a clearer understanding of how much capital your business needs and how much outside funding you may require.

You’ll also receive a practical worksheet to help you apply these concepts to your business and develop a realistic startup funding plan.

In this webinar, you’ll learn how to:

• Identify and estimate the costs of starting your business

• Calculate additional cash requirements needed to reach break-even

• Account for owner financial needs, potential delays, and contingency reserves

• Determine how much personal capital you can realistically contribute

• Calculate your total funding requirement and remaining funding gap

• Evaluate potential funding sources based on your business needs and funding requirements