Title: Explain the process of projecting initial funding requirements.
Course: Entrepreneurship (12053-I) > Section: Planning an Entrepreneurial Venture

Explanation should include projecting

- startup costs and cash shortfall until break-even
- short-term liabilities
- long-term liabilities.

Process/Skill Questions:

- What is the most common source for financing a new business? Why?
- How do startup costs differ from personal costs?
- What are examples of one-time startup costs? What are the types of expenses that occur monthly? What are typical sources of startup capital?
- What are types of startup financing? How does an entrepreneur determine the amount of personal investment and the amount to acquire from outside sources?
- What financial statements can help an entrepreneur get a loan?

Teacher Resources:

- Calculate your startup costs, U.S. Small Business Administration
- Financing Options for Small Business, Entrepreneurship Crash Course