Calculating Your Funding Needs: Avoiding the Pitfalls of Over- or Under-Funding

One of the most common mistakes new entrepreneurs make is miscalculating how much funding their business actually needs. Asking for too little can leave you scrambling for more resources, while asking for too much can deter potential investors. This problem statement guides beginners through the process of accurately estimating startup costs, operational expenses, and future growth needs to ensure they secure the right amount of funding.