From the course: Business Financials Explained
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How financials make or break small businesses
From the course: Business Financials Explained
How financials make or break small businesses
- Your financials are not just for your investors but they're also for you. And this is very important that you have to use these financials to run your business. First thing you have to think about is getting funded. And financials are a required part of getting funded. So make sure you understand that. It also tells you how much funding you need. That's a very important part as well. So do you need a million? Do you need two million? Do you need 500,000? Your financial statements will actually lead you to that answer. I want to make sure though also you don't raise too much money and you don't raise too little money. Money is expensive. Capital is expensive to raise so we want to make sure that you raise the right amount. If you raise too little you got to go back again, and again, and again. That's not good. You raise too much and you gave too much of the company away. So make sure you understand that.…
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