Video Worksheet 11:  What Will it Take to Get Started?                Name:____________________________

Objective:  What are some ways to obtain money to fuel your startup costs?  Why should you create a budget and timeline for your startup costs?

To bring an idea to market always takes time and money.  With any new project or new business, a wise innovator will always make a plan, set a budget, and track spending.  

Vocabulary:

Startup costs–The expenses incurred during the process of creating a new business.

After-watching debrief:  

1. Why is it important to create a budget and timeline for your start-up costs?  

2. What are some potential sources of funding to help start a business? 

3. Billy, with the help of Karen, his mentor, uses a spreadsheet and a calendar to estimate expenses and set a series of _____________________ to complete different phases. 

4. The cost of doing business always includes ______________________ costs.