Business Plans – Questions To Consider

Business Funding

Some of the questions that need to be considered, as part of the business plan process relative to business funding, include:

• How is the business funded at present?
•  What are your projected sales over the next 3 years?
•  Details of your current borrowings from banks, finance companies, hire purchase commitments and other loans
• Details of any debtors' financing/factoring facilities that you may have.
• Details of any inventory financing facilities that you may have.
• Do your Cashflow Forecasts indicate that you should be trying to raise additional funds?

     Next month we'll discuss organisational matters.