In the preceding sections, we have been figuring out how much money we will need to start, run and grow the business. Here is where we start writing it down in this part of our business plan.
Funding Needs & Use of funds
Funding needs / budget
Funding needed / use of funds
If you need to raise money for your business, how much do you need and what will you use it for? Even if you’re starting your business with your own savings or using credit card debt, it’s a good idea to plan on how you will use the funds until you start making sales.