Done right, a Sources & Uses of Funds will show you how much cash you’re going to need to (1) launch your business and (2) cover your expenses until you’re generating enough cash to cover your expenses or reach the next round of funding.

In this episode you will learn:

1. The 3 core questions every investor (or lender) will ask.
2. Why the Sources & Uses of Funds is different from other spreadsheets.
3. What the Sources & Uses of Funds reveals about your business.
4. One common mistake to avoid.
5. How to create a Sources & Uses of Funds spreadsheet the right way.
6. Additional resources and helpful reading.

Resources:

• Why Cash Is King
• Financial Projections Explained (Even If You’re Not a Numbers Person)
• The Difference Between Profit & Loss and Cash Flow Projections
• Financial Vocabulary for People Who Hate Numbers
• All-in-one Business Plan Kit

SPECIAL OFFER:

• Listeners can get 1 FREE hour of consulting by using the code “startup” or mentioning this offer when they book a call.

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