Question
1. Prepare three-year projections for income, expenses, and sources of funds. - Make realistic assumptions. - Allow for funding changes at different stages of your
1. Prepare three-year projections for income, expenses, and sources of funds.
- Make realistic assumptions. - Allow for funding changes at different stages of your company's growth. - Present a written rationale for your projections.
2. Indicate your startup costs. - Detail how startup funds will be used to advance your proposed business - List current capital and any other sources of funding you may have. - Document your calculations. - Use reasonable estimates and/or actual data (where possible).
3. Create a cash-flow statement.
$97,000 will allocated for business operation
$75,000 start up capital
$100,000 guarantee loan,
$150,000 grant from the state government for new printers
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