Funding Strategy

To understand and find the funding resources you need to start a company or launch your idea.

Steps
10
Last edited
Mar 7, 2022
Created by
Nova

About this process

Brainstorm the best funding strategy for your solution. This tool is ideal to help your team find the resources you need to launch. Created by Ro Fernández

The process in detail

10 steps
  1. 1

    Operating expenses

  2. 2

    Partners and key relationships

  3. 3

    Selling point

  4. 4

    Startup money

  5. 5

    Raising money if the product/solution is free (optional)

  6. 6

    Evaluate funding strategies

  7. 7

    Crowdfunding

  8. 8

    Investment

  9. 9

    Grants and other alternatives

  10. 10

    Suggestions

Read the full text
1. Operating expenses

Be clear about what you need to bring your idea to life. What resources do you need to start selling or to be able to offer your solution? Consider staff (payroll), marketing, development, and other expenses (rent, phone, utilities, equipment, fixtures, inventory, improvements, maintenance, tax deposits, marketing budget, etc.)

Work on the whiteboardFunding Board
2. Partners and key relationships

What relationships do you need to develop to reduce costs or to have more visibility and a competitive advantage over similar solutions?

Work on the whiteboardFunding Board
3. Selling point

If you could pay for all the expenses by selling your product or solution, how much will you need to sell?

Work on the whiteboardFunding Board
4. Startup money

How much money will you need for testing and to produce the solution beforehand? (Orange section)

Work on the whiteboardFunding Board
5. Raising money if the product/solution is free (optional)

If your solution or product is free, how can you justify raising money?

Write a note
6. Evaluate funding strategies

Have a quick brainstorming session with your team to find the best ways to get funding for your idea or project. Could you apply for grants? Should you try to crowdfund, or will you contact business angels? How can each option help you? Would you be able to reach your milestone or get your prototype ready? You can use your sticky note board to brainstorm and cluster similar ideas.

Write a note
7. Crowdfunding

Would Kickstarter or Indiegogo work for you? What similar options do you know? Why and when should you consider this option?

Write a note
8. Investment

Would you consider finding an investor? If yes, specify under what conditions you may consider it. Do you want an investor who's hands off and provides just capital? Do you want someone in industry that can help connect you with more business? How important is funding vs other investor values and connection?

Write a note
9. Grants and other alternatives

Find online startup hubs, contact universities, government grants, talk to experts and identify other interesting options. Be specific about how each option could help you and your team.

Write a note
10. Suggestions

Add any notes or key suggestions here. Add an action plan or next steps during this step.

Write a note
Funding Board
  • Expenses
  • Funding
  • FUNDING LIST
  • What relationships do you need to develop to reduce costs or to have more visibility and a competitive advantage over similar solutions?
  • OPERATING EXPENSES
  • RELATIONSHIPS & PARTNERSHIPS
  • Be clear about what you need to bring your idea to life. How many resources do you need to start selling or to be able to offer your solution? Consider staff (payroll), marketing, development, and other expenses (rent, phone, utilities, equipment, fixtures, inventory, improvements, maintenance, tax deposits, marketing budget, etc.)
  • How much money will you need for testing and to produce the solution beforehand?
  • How Often? When?
  • What?
  • Who? How?
  • Monthly/ Q1/Yearly
  • $ Qtt. Total
  • What?
  • Website: $XXX/year
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • Monthly/ Q1/Yearly
  • Marketing: $XXX/year
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • Rent: $XXX/year
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • Office Supplies:$XXX/year
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • COMPETITIVE ADVANTAGE
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • $ 120.000
  • $ 120.000
  • What? Example: Marketing Coordinators
  • $ 60.000
  • 2
  • **OTHER NOTES & STRATEGIES**
  • TOTAL= - $XXXXXX
  • TOTAL: $XXXX
  • MENTORS & ADVISORS
  • If you could pay for all the expenses by selling your product or solution, how many will you need to sell?
  • PRICE & QUANTITY
  • Who can help you? How can they help you? How often?
  • Who?
  • How?
  • How Often?
  • Qtt: XXX
  • TOTAL= $XXXXXXX
  • 2h
  • Product Or Services | Price: $ XXXX
  • with our sales strategy
  • Alex Martín
  • Who?
  • How?
  • How Often?
  • Who?
  • How?
  • How Often?
  • Who?
  • How?
  • How Often?
  • BUSINESS DEVELOPMENT STRATEGY How are you going to get customers?
  • TOTAL= $XXXXXXX
  • ROI=
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Created byNova·Official process
Last edited Mar 7, 2022·10 steps