Money and the New Business

The very first thing required of you is to accurately estimate the amount
of money you need. Taking a cold, hard look at your money requirements will
help you know your business better and help ensure your success. Once you
know how much capital your business will require, it will be incumbent on
you to get it. Having a cash crunch from the start is a sure way to go out of
business fast.
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Moreover, a realistic budget will help convince a lender or investor that
you understand your business and are worth the risk. The first thing any investor
will want to know is how much money you will need and how you
plan to spend it. They will want specific details on how the money will be
spent and how you plan to repay the money.