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Starting and Growing a Business: Financing Checklist | |
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| Estimating Your Costs | Facilities and Equipment | Investor Readiness | Financing Options | Sources of Financing | Financing Checklist
Do You Have the Necessary Finances?
The following is a checklist to help guide you to the next step in the entrepreneurial process. Although this is not a comprehensive list, consider the following criteria when searching for and obtaining the finances needed to start your new venture |
 | You have determined your potential return on investment and it is an acceptable figure |
 | You have determined and obtained your borrowing requirements and have allowed a reasonable income for yourself |
 | Chosen investors or lenders have a reasonable chance to get their money back |
 | You have calculated your startup costs and have developed a cash flow forecast to determine your monthly financial needs |
 | You have determined and found necessary working capital to cover initial operating costs |
 | After determining how much capital you can raise on your own, you have talked to all your contacts including friends, family, and other entrepreneurs to learn about any additional financing options |
 | You have enough ready cash to cover your operating expenses until your product or service starts to turn a profit |
 | You have prepared for meetings with potential investors and have identified key negotiation points |
 | Your borrowing requirements have been determined and met by a financial assistance source |
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| | If you meet the criteria on this checklist then you are ready to start thinking about the various Business Considerations that will come in to play when starting a new venture, such as regulations, packaging, business structure, taxation and labour. |
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Phone the Ag-Info Centre, toll-free in Alberta at 310-FARM (3276), for assistance. |
This document is produced in cooperation with
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For more information about the content of this document, contact Kathy Bosse.
This document is maintained by Tricia Simon.
This information published to the web on March 4, 2008.
Last Reviewed/Revised on February 23, 2010.
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