What are the key financial considerations for startups?
Several key financial considerations must be addressed when launching a startup:
1. Initial Capital: Determining the amount of initial capital required to start the business. 2. Funding Sources: Identifying potential funding sources such as venture capital, angel investors, or crowdfunding. 3. Revenue Model: Developing a robust revenue model to ensure profitability. 4. Cash Flow Management: Ensuring that there is sufficient cash flow to cover operational expenses. 5. Financial Projections: Creating realistic financial projections to attract investors and plan for the future.