Assignment 3: Startup Funds Business & Marketing Essay (Essay Sample)
Assignment 3: Startup Funds
Due Week 7 and worth 100 points
Write a one page overview of your plan for the startup funds and working capital strategy for your business plan. Remember, you will take feedback from all submitted portions of your plan, revise, and then submit the final business plan in Week 9.
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.
Format your assignment according to the following formatting requirements:
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Examine the process of developing a business plan and setting up the company.
Analyze money sources for finding and managing funds.
Determine the most effective communication process to present the business to investors.
Use technology and informatiiopon resources to research issues in entrepreneurship.
Write clearly and concisely about entrepreneurship using proper writing mechanics.
Startup Fund and Working Capital
For a startup, the funding requirement starts in the initial phases itself. The initial funding is called as seed funding, which is needed to finance the development of a new product or service and is directed to cover the initial working capital for operating a business as well (Goldberg, 2012). The working capital is the capital needed to run the day-to-day operations including salaries, rents, advertising etc. (Taillard, 2012).
The business model of Infinity Taxes and Beyond does not require a high amount of startup fund and the initial working capital requirement is also low. The initial requirement for the business would be to set up one office and set-up a small team of 2-3 members. The working capital will be required
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