At one point as a startup owner you need to get financing, either to start, grow or scale. Here is a list of questions that you need to have answers to before you start seeking financing.
- What problem does your product or service solve?
- Describe your solution.
- What is new, interesting or different about your idea or business?
- What is your company’s primary industry sector?
- What is your target market?
- What is the size of the market opportunity for your business/idea?
- Explain how you intend to (or already do) find customers?
- How will you make money in your business?
- Who are you selling to or you plan to sell to in the next year?
- Who are your competitors and what differentiates you?
- What do you project will be your sales for one year?
- What do you need to actualize your business?
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