Also in Stage Six:
Write a Business Plan • Go/No Go Decision Two • Seek Financing • Go/No Go Decision Three
Stage 6: Financing
Go/No Go Decision 2:
Now that you have compiled all of your ideas, research, and projections, it is critical to again ask, "Does my plan still work?"
• The cash flow summarizes the entire plan in dollars and cents. Does the cash flow "ending cash" remain positive? If not, rework the plan to increase revenues, decrease expenses, or increase initial funding as needed to address this issue.
• Does my plan show that my financial and non-financial goals can be met? If not, rework the plan to address this concern.
• Do my answers to all previous questions still hold true now that the entire plan has been pulled together? If not, rework the plan to address concerns.
If you answered "no" to any of the above and cannot find a solution, do not proceed.