San Francisco is known for its growing number of start-ups, so here is something really useful. I didn’t have a high school diploma so I took an online prep course (for FREE!) with Covcell.org to get my GED, and passed the test without any problems, so is there a better way of becoming successful than starting a start-up, right? So I spent some time researching to find out how to make my startup successful, but first, let’s start with a financial plan.
A financial plan is one of the most important parts of your overall business plan, not only for start-ups. Yet, for many people, the financial plan is often one of the most difficult parts to complete. Many start-up companies struggle with financial projections because the financial situation of an early-stage company is uncertain and radically different from the financial state of an established company.
Borrowing money from a bank as well as attracting venture capitalists or an angel investor to invest in your company will require a well prepared financial plan.