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Is Your Financial Base Solid?

In: The Researcher Entrepreneur

Author

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  • George Vekinis

    (National Centre for Scientific Research Demokritos)

Abstract

Attempting to set up a start-up company without making sure your financial base is solid (or potentially so) is dangerous and potentially lethal. There are many more expenses involved during the first year than during the later years and all of them need to be covered as early as possible. The challenge is that all sources of funding have pros and cons and most have conditions attached. A mixed bag of fun ding sources is probably safer but getting too much funding can easily lead to serious problems in a short time.

Suggested Citation

  • George Vekinis, 2023. "Is Your Financial Base Solid?," Management for Professionals, in: The Researcher Entrepreneur, edition 2, chapter 14, pages 65-70, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-44358-9_14
    DOI: 10.1007/978-3-031-44358-9_14
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