During this week, you will begin to estimate the amount of funding you need for this stage of your venture. For this assignment, complete the following:
- What area(s) do you notice a gap in funding (a shortfall in capital needed to fund future operations or projects)? Really evaluate, even if it’s $1,000 or $10,000; identify it.
- Evaluate those gaps to determine the cause of those gaps.
- Prioritize your funding needs. You might use the below matrix as a template; include all gaps you have examined:
Priority for Funding
Gap in Funding
Amount of Gap
Cause
1
Initial inventory
Unsure
Have not fully identified the amount of initial inventory needed. Have not calculated break-even point for sales.
2
Computer system
$5,000
Do not have funding to cover this expense.
3
- Submit matrix and a minimum 2 page explanation for your prioritization