Steps Toward Meeting Entrepreneurial Finance Goals

​Edward Granaghan is a Cream Ridge, NJ, resident that invests in start up companies that have a potential to change the customer experience through software innovation. The New Jersey resident Edward Granaghan holds an MBA from New York University and has an interest in entrepreneurial finance.

Entrepreneurial finance defines a broad discipline geared toward the quantity and timing of capital deployed for startup ventures. The process begins with mapping a plan that outlines the amount of capital needed, product development stages, and go-to-market milestones. Financiers release capital in stages, each one building on the last. Projected sales, growth, and profitability levels determine the amount needed in funding. So do one-time and recurring costs and working capital projections that span credit, payment, and inventory arrangements.

Entrepreneurs must define clear and achievable financial goals and capital needs. In addition, entrepreneurs must outline equipment costs, employee compensation packages, and cash reserves for future expansion. After receiving funding, entrepreneurs must spend the allocated funds judiciously and transparently, according to a well-defined budget. Track Expenses and outlays and separate business and personal expenses so that investors receive accurate, regular updates on progress toward goals.

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