Financing Your Business – How much so you need and when do you need it?
The first thing required in financing a new business or expanding an old one, is a realistic business plan. The plan would force you to create an organizational plan, a marketing plan, and quantify your view of the business through development of projected financial statements. The numbers you develop are extremely important and can be analyzed and used in the decision process. In addition, the plan will answer questions such as how much cash will be needed to operate the business, i.e., working capital, fixed asset purchases, and marketing. The business plan basically lets you know if the business is a possibility, and if you want to be involved in the business. Once your ideas and numbers are put down on paper, sometimes its best not to get involved with that particular business operation, for any number of reasons. This is why the business plan is so important. Veillon Business Consulting, LLC can help put your business together to become a reality.