The Sources and Uses Statement: One of the Most Commonly Missed Opportunities for the Entrepreneur

Monday, November 15, 2010 by Sam Schmutte
“What are you doing with my money?”  No, it’s not your mom or dad asking or your friend you lost a bet to on a college football game – it’s your potential investor and they’re asking one of the most fundamental questions in a capital raise.  Why?  Because you forgot to answer it ahead of time!  You’re not alone, though, too often a sources and uses statement is overlooked.  Many entrepreneurs simply rely on the financials, general statements in the text of the business plan or...Read More »