When starting a company, generating funding to support the business is perhaps the single most important task at hand. Before embarking, it is necessary to determine how much funding is required and from where it will come. Here are some factors to consider in determining how much funding is necessary:
• Time to market (that is, how long before initial sales)
• Employee salaries and benefits
• Legal fees
Funding for the company may come from one or more sources, including sales, grants, and investors.