Until you build a cashflow projection for your social business, formulating an investor ask is little more than a crude and risky guess (and investors will know it).
A well thought through financial projection not only allows you to picture the end goal (in terms of business size) but provides a blueprint for achieving that goal.
A cashflow projection makes you think through what kinds of resources would be required to achieve $x in sales, what the costs would be, and most importantly, where the financial pain points will arise along the way – as every rapid growth business needs working capital to fund growth, whether it’s in terms of material supply costs, technology, or staffing. You can review our free resource on formulating an ask below.