ENTR315 $40 $40 $40

During this week, you will begin to estimate the amount of funding you need for this stage of your venture. For this assignment, complete the following:

1. What area(s) do you notice a gap in funding (a shortfall in capital needed to fund future operations or projects)? Really evaluate, even if it’s $1,000 or $10,000; identify it.
2. Evaluate those gaps to determine the cause of those gaps.
3. Prioritize your funding needs. You might use the below matrix as a template; include all gaps you have examined:

   

Priority for Funding

Gap in Funding

Amount of Gap

Cause

 

1

Initial inventory

Unsure

Have not fully identified the amount of initial inventory needed. Have not calculated break-even point for sales.

 

2

Computer system

$5,000

Do not have funding to cover this expense.

 

3

1. Submit matrix and a minimum 2 page explanation for your prioritization