Many youths find it difficult to secure funds for their ideas because they lack financial intelligence. they cannot sustain a business discussion with a bank or seasoned investors because they don't have enough financial language to back them self up. there are things an investor or a bank will like to hear before he shows interest in your business. these elements must be captured in your business plan. some of them includes
your mission
your product
your competitive advantage
start-up funding requirements
personnel plan
market analysis
your marketing and sales strategy
profit and loss projection
cash flow projections
projected balance sheet
business ratios
if you dont understand the terms listed above you wont be able to find an organisation that will fund your business for you.
by Ogbo Awoke Ogbo
No comments:
Post a Comment