Description
Write a one page overview of your plan for the startup funds and working capital strategy for your business plan.
Write a one (1) page paper in which you:
- Describe what startup funds and working capital are.
- Propose a method for obtaining the necessary funds for your business.
- MUST be orignal & NO Plagirism
Explanation & Answer
Attached.
Running Head: STARTUP
1
Startup and Working Capital
Name
Institution
2
STARTUP
Startup Funds and Working Capital
Startup fund, also called startup capital, refers to the money that a startup raises or use to
pay for all the expenses that are needed to create a new business. In this case, startup capital
could involve all the money that is used to cover for the initial costs of setting up the business,
including inventory, appropriate licenses, and permits, renting or building an office, purchasing
equipment, and product development.
On the other hand, working capital is defined as the amount of money that a startup has to
help meet its obligations. According to CFI (2020), working capital is the current assets that a
firm can use to pay its current lia...
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