If you need to raise money to start your business, take my fundraising course:
https://www.udemy.com/10-fundraising-strategies-to-raise-money-for-your-business/?couponCode=yTry my business apps
http://www.problemio.com to get more business advice like this tutorial answering the question how much money do I need to start a business.
I get many email and questions asking me "how much money do I need to start a business?" So here is a video answer. While the question of how much money do I need to start a business may seem like a very broad question, believe it or not, there is actually a very exact answer. In fact, there is a procedure to identify how much money is needed to start a business.
When you try to calculate how much money is needed to start a business, try to make two itemized lists. The first list will be expenses you will incur before you actually start your business. Those expenses may be legal help, accounting help, company setup and registration, lease of any office or space, etc. The second list you should create is a list of expenses that you will incur after you start your business. Those expenses can be marketing costs, lease costs, employee salaries, and much more.
And, of course, when you try to understand how much money is needed to start a business, add projected revenues to the second list to offset the expenses. And project that you will need to be in business 12-18 months on average before the business becomes self-sustaining. And that is how much money you need to start a business.
Here is the full blog post explaining how much money is needed to start a business:
http://glowingstart.com/much-money-need-start-small-business/This video answers the question: How much money do I need to start a business?
It might seem as bit of an open-ended question that is not specific enough, and it may be easy to brush it aside, but there is a way to calculate how much money is needed to start a business.
When wondering how much money you need to start a business, just create an itemized list. The first set of items on that list would be expenses you would incur to launch this business. The next set of items would be the monthly expenses while you are running this business. Next to that second set of items, also add sources of revenue.
This itemized list is called a cash flow analysis statement. It is actually a part of your business plan. Here is the video for more details on how to make a cash flow analysis statement:
http://youtu.be/MbmyaNymt5MIf you have done this, you are very close to answering your question of how much money do I need to start a business. The last thing you must do is add up all the costs and give yourself 6-18 months of runway so that your business can get on its feet and become profitable.
Additionally, I have a number of mobile apps made to help you learn how start your business. Here they are:
Here is the Android business plan app which can help you plan and understand how much money you need to start a business:
https://play.google.com/store/apps/details?id=business.premiumiOS business plan app which can help you plan and understand how much money you need to start a business:
https://itunes.apple.com/us/app/business-plan-and-coach/id554845193And here is our 4-app business starting course on the Kindle. The Kindle apps can help you plan your business, and understand how much money you need to start a business:
http://glowingstart.com/best-amazon-kindle-business-apps/Here is my book on starting a business which has a chapter on raising money and explains how to calculate how much money you need to start your business:
http://www.amazon.com/Get-Business-Ideas-Start-ebook/dp/B00HZUVAUMBook with fundraising strategies to raise money. This book explains how to calculate how much money is needed to start any particular business, and then goes over ten strategies for raising that money:
http://www.amazon.com/10-Fundraising-Ideas-Strategies-strategies-ebook/dp/B00KADT0Q2/Marketing strategies book:
http://www.amazon.com/Marketing-Strategies-People-Problemio-business-ebook/dp/B00IG83T7E/Fundraising course on how to raise money:
https://www.youtube.com/watch?v=EwT3oXlCRdAFundraising strategies book:
https://www.youtube.com/watch?v=wczuIohbG7kHow to get donations:
https://www.youtube.com/watch?v=PH7Q2nuYZ1oFundraising playlist:
https://www.youtube.com/watch?v=0lGgUtF4JjU&list=PLAgq5S6WQmzEwjeXkE0oRNf0_aRhexdF7How to start a business with no money:
https://www.youtube.com/watch?v=8gTZknxNoZgWhat is a cash flow statement:
http://youtu.be/MbmyaNymt5MBook on how to start a business:
https://www.youtube.com/watch?v=XtmJEeZmiigIs it possible to get a small business loan with bad credit history:
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