Useful Example

Sourcing start-up finance

In the case of Pot Luck, the team has decided to invest 30 euro of their own money and Jane’s parents have agreed to loan them 50 euro. The team now needs to enter this money into their cash-flow forecast under the ‘Income Column’.

  • For October, Pot Luck estimates that they will first sell the six bowls that Jane has painted and then buy a further 10 bowls from the shop.
  • They will not need to buy paint this month.
  • All 3 team members have decided not to take wages out of the business at the moment in order to keep money in the business to buy new materials and repay the loan.

The figures are then inserted accordingly into their Cash-flow forecast.

Finish it off

Module Library

1. Do you have what it takes?

2. The Big Business Idea

3. Your Team

4. Market Research

5. Production

6. Marketing

7. Costing & Pricing

8: Finance & book keeping

9: What did you learn?

10: Getting Ready For Judging

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