13: Funding, budgets, revenue
Wednesday, April 17
Friday, April 19
Guiding Questions
Where will your startup funds come from? How will you make money, and how will it change over time? If you’re charging for your product, how much? What items do you need to budget for? On what scale will you launch your startup?
Class Topics
W, 4/17: Budgets, funding, and revenue, Claire Miller, Business Analyst at Deloitte and former IDEA Center coach, McCloskey Competition winner, and ME student
In-class activity links: Example business plans from the library
F, 4/19: Workshop: The Finances
Read This:
Readings with annotations are due before class on Wednesday of each week. All readings, videos, and webpages are available on Perusall, accessible through the course’s Canvas page. Please refer to the Readings on Perusall prompt for instructions. You must read on Perusall to get credit.
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Google News Initiative, Chapter 5.3, “What should you charge your customers?”
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Read: “7 ways to fund your startup” infographic (Visionary)
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Read: “Example nonprofit news organization profiles” (Knight Foundation, 2015)
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Read: Business startup costs
- Read: “The right time to hire is later than you think” (Neal Taparia, QZ)
Do This:
For Wednesday: Chief financial officers- full draft of funding and revenue section due to Canvas discussion board by 5 p.m. ET
Market analysts- final draft of audience analysis section due to Canvas discussion board by start of class
For Friday: Everyone- letters and line edits for funding and revenue section due to Canvas discussion board by start of class