startup finance

What comes to your mind  when you hear the term "Startup finance"? It is a term that we toss casually in our conversations now-a-days. So let us take a look in to this rising sector.
In simple terms  a startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it into the market. And finance is everything we need to get a startup started. By its nature, a typical startup tend to be a shoestring operation, with initial funding from the founders or their families and friends.
Let us focus a bit on the term finance. Generally when people hear the word finance, the first thing that comes to their mind is money. Which is not wrong but we have to understand that sometimes finance is not only about money but various factors like determining the cash requirements for achieving the goals of the organization, estimating how long it will take for your customer to buy your product once it is in the market, expenditure to be incurred to earn the targeted revenue, estimation of time taken by a prospect to turn in to your customer, etc.
An entrepreneur should ask himself all such questions as the investors are going to ask the same to him/her. They should be ready with all the data they could possibly accumulate. Not only these available data assits the entrepreneur in acquiring funds but also help the entrepreneur to manage his/her day-to-day business and estimate finances leading on to a successful business. It helps the entrepreneur to study the past activities of the business in order to execute the present activities and for planning future path of the business.
Startup finance is a vast and interesting field to cover with many initiatives being taken in the sector. We will be scratching the surface of its sources, benefits and detriments in the following blogs.