Description
Financial Analysis
Finance is an important input of every start-up since it facilitates smooth operations of daily business activities, asset acquisition, recruitment and expert retention (Mourdoukoutas & Stratos 2002: 149). Start-ups undergo four development stages to commercialize ideas (concept development, resource mobilization, product development and enterprise development). Start-up financing brings out two aspects, one in transition from concept development to resource mobilization and transition from product development to commercialization…