Course: SLF 125 Business Planning and Startup

Reading

Financing Your Business
Finance Your Business

From the U.S. Small Business Administration website, read the following three articles. Take notes on the information that applies to your business plan.
- Estimating Startup Costs

What seed money will you need?
What expenses are one-time costs and which are ongoing?
What costs would you categorize as essential and which ones are optional?
- Using Personal Finances

What is your monthly budget?
What is your personal credit score?

- Borrowing Money for Your Business

Which type of financing would work best for you?
Can you estimate your cash flow?
Which questions a lender might ask can you answer?
Which ones will require more research?