NotoriousREV

If you're going to the bank to ask for funding for your new business, should your cash flow projection include the funding and the cost of funding or should it be raw numbers i.e. at the end of the 1st year I therefore need £x to break even?

Phil

Should always include funding

You will also need to show what investment YOU are making

eClaire

Ideally it should include funding. Your BP should include EVERYTHING. It is your action plan/bible afterall, and if banks and public bodies are going to invest in you they will want to know where your wonga is coming from as there are capped amounts on certain types of aid available and also where about you have generated interest from If the funding hasn't actually been secured you should keep your business plan simple with your basic financial forecast and add an attachment with estimated figures once/if funding has been approved. Once it has been secured/approved then add it to your BP. Hope this helps

pugoetru

You could also take an escort and hope he is a dirty old man

The_Gza

As in he's keen on repairing old Fords?

Pete The Biker

I agree with eClaire.

It is also important to state exactly what assumptions you have made in drawing up your projections, and why you have used those assumptions.

Think about the degree of certainty your assumptions have (e.g. you expect the widget sales figure to be plus or minus 25% on the base case figure you have used), and try re-running your projections to show the effects of flexing your base case. How bad can things go wrong before you hit melt-down? Any funder will want to know that the business isn't going to collapse in a heap at the first sign of problems.


Pete The Biker

yoza

The planning is the most important bit, plan it down to last detail, leave nothing to chance.

Only go with people you have worked with before.

Dont use a Subaru, as your driver will get car jacked whilst waiting for you.

Always speak clearly, assirtive, not aggressive.

Wear the right clothes, but dont overdo it, first impressions count.

Always have something practical, but discreate to put your money into.

You must take note as to how the main doors open.
It so easy to get over excited after collecting your money, and 'pulling a push' or 'pushing a pull'.

This can be embarrasing......

Good luck.

Yoza

GC8

Do favour the sawn-off Yoza; or do you prefer the pump action for a little more range?