1. Raising Capital Create a document that you will present to
Raising Capital Create a
document that you will present to raise capital for your idea. Be as convincing as possible
because those who invest in start-up businesses have numerous entrepreneurs approaching
them. In other words, they have other choices, so your pitch needs to be appealing. Here are
some suggested steps or sub-headings, many of which have been covered in earlier
assignments.First, describe your idea from a product/service standpointNext, describe the
idea from the business standpointHow much funding is needed to get this business off the
groundIf you get the funding, for what specific activities do you plan to spend it onSuggest
why you believe the start-up business you have suggested will workDescribe the specific
market for your product/service – who will buy it and whereWho are the closest
competitors? Describe their offerings.Why is your product/service better than some of
these competitorsCreate a timeline chart of activities that need to take place for the launch
to happenDiscuss how these activities will help the company advanceDiscuss the
management team and the skill-set that they will have to haveDiscuss their wagesForecast
sales in each quarter (you use annual figures from year 2 onwards if you like)Use a chart to
discuss how much money is needed to reach breakeven. Keep in mind that all the negative
cash flows will have to be covered by an investment or loan. Remember that the amount of
funding being requested must be related to how much investment is being requested.