BuiltWithNOF

Part 14: Your Funding Request

Now some of you may not need this section of the business plan as this section is the funding request section.

So how much are you requesting to fund your business? Not only will you want to show how much you will require today, but if you are going to need more money in the next five years to expand your business you will want to make sure that is included in this section of the business plan.

While your financial statements will show about where your money is going in this section you want to specifically mention how and where you will use the money from your investors. You will want to be specific on where the money will be going whether it will be capital, operations, or other things.

Finally you will want to discuss your future financial situation. If you plan to go public with your business in the next five to ten years you will want to include that information in this section. Another piece of information is that if you plan to sell your business at anytime in the future.

Next week we will go over the financials.

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