If shares were offered in exchange for services, state this as well. If your firm signed employment agreements with any director, manager, or employee, enclose a copy here. If you seek financing you should explain why these agreements were necessary and how they will benefit the business. Professional Help List names of all professionals you have consulted or plan to consult in connection with your business. Lenders and investors will want to know the amount you have paid them and whether part of the money you now seek will go toward their fees.
Most entrepreneurs require supplemental financing to begin operations.
This is the area to be realistic and conservative. Calculate the amount required to start and operate the venture until cash flows support the operation. Most financial problems experienced by entrepreneurs can be traced to lack of capital caused by under estimating expenses. Working capital is one requirements that all businesses must meet. Business plans should include a breakdown of working capital under major components such as inventory and salaries.