Asked by Jordan Meachum on Feb 18, 2024
Verified
When setting a funding goal,focus on how much money you would like to have rather than on how much you will need.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the difference between desired funding and necessary funding
- Evaluating the potential impact of setting a higher funding goal
- Understanding the importance of setting a funding goal
Verified Answer
MC
Makenzie Crampton
Feb 18, 2024
Final Answer :
False
Explanation :
When setting a funding goal, it is important to focus on how much money you actually need rather than on how much you would like to have, as this will ensure that your goal is realistic and achievable. Focusing on an unrealistic amount could lead to disappointment and failure to reach the goal.
Learning Objectives
- Recognizing the difference between desired funding and necessary funding
- Evaluating the potential impact of setting a higher funding goal
- Understanding the importance of setting a funding goal
Related questions
What Happens on Kickstarter If the Funds Are Not Raised ...
Crowdfunding Entrepreneurs Should Set a Funding Target That Is ______ ...
Early-Stage Financing Involves Larger Funds Than Seed-Stage Financing
The Sustainable Growth Rate Is Equal To ...
Bootstrapping and Starting Slowly Enables Entrepreneurs to Avoid Any and ...