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Business & Marketing
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Topic:

Strategy for Obtaining Startup Funds

Essay Instructions:

Week 7 Assignment - Obtaining Startup Funds
Instructions
Write a 1–2 page overview of your strategy for obtaining startup funds and working capital that you have identified for your business plan. Also, address the following:
Describe the startup funds and working capital that your business would require and explain in general terms how the funds would be allocated.
Explain your strategy for obtaining the necessary funds for your business.
Identify at least two common sources of funding that you rejected and explain why you decided not to use them as a funding source.​​
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Recommend a plan for identifying sources to fund a business.

Essay Sample Content Preview:

Obtaining Start-up Funds
Your Name
Block and Section
Professor’s Name
August 30, 2021
Obtaining Start-up Funds
As with every other new business owner, I’ll get my capital from banks and financial institutions. Of course, obtaining funds through loans is one of the most efficient ways to receive a significant sum of money quickly; nevertheless, this money should also serve as my day-to-day working capital.
My company’s capital will be divided in half. The first half of the time will be spent on product or service preparation. To be successful in business, one needs to invest time and money in their product to improve quality and satisfy customers. The remaining half will be used to cover the costs of running my firm on ...
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