8 Steps to Take Before Applying for Funding

by bizlaunch on July 13, 2009 · 3 comments

To get financing, you must:

  • Demonstrate realistic market and sales potential.

  • Have a proven track record.
  • Demonstrate the characteristics of a successful entrepreneur.
  • Have a competent management team.
  • Have a strong financial plan with reasonable forecasts, including:
    • Cashflow projections.

    • How much money you require.
    • When you require it.
    • When you will pay it back.
  • Have invested reasonable financial resources into the enterprise.
  • Have a plan for growth.
  • Provide personal credit references.

Photo credit, Guano

{ 3 comments… read them below or add one }

Andrew Patricio 07.13.09 at 2:09 pm

I love these photographs they're brilliant

devonstrang 07.25.09 at 12:38 pm

Amen

Guest 07.25.09 at 4:38 pm

Amen

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