Kids Seed Capital Financing Program Budget - Use of Funds |
Seed Capital Financing Budget |
You will need to prepare an estimate (budget) of the amount of money you require and how it will be used. We have prepared some preliminary recommended amounts to start the process and we will update them as the numbers become more predicable. To present your numbers to your investor prepare a schedule as follows.
Schedule A - Use of Funds (Set-up a page with items down the left hand side, next to the right - a column with a description of the items, and then a column with the amount of money. The amount column should add up to a total amount required. Budget Items Description Amount
Business Set-up Cost to set-up a business in $50.00 (registering the business) Business Launch Cost of preparing the business to $25.00 Advertising Cost to advertise my product in the $15.00
Other Funds for other expenses. $10.00 _______ $100.00
In summary, you should be able to set-up your business for approximately $100.00 that will be spent in a period of several months. The set-up fee will be the initial cash outlay while the other expenses will be deferred for 3-6 months. |
For other budgeting tips check out our "Budgeting Basics". |
We would appreciate your comments on additional information required and what the amount the SCF for individual kids should be. Please respond to info@teachingkidsbusiness.com If you are ready to set-up your business you can proceed to the next stage and sign-up for "The Kids' Business Launch Team". |
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Kids' Seed Capital Financing Program™
ABC's of one to two zero financing™.
