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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, using your financial statements from Assignment 1:
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 its $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.