Thursday, February 28, 2008

Financing

Deep Cove Inc will not require a significant amount of financing. As a result, Haafiz will contribute his personal money to finance this venture. If needed, friends and family will be approached if additional capital is needed.


  • The creation of the website will not be outsourced; Haafiz will create and maintain the website. The only cost will be to obtain the domain name. $100 has been set aside to do so.

  • Money will be used to secure guest speakers, domain name, facilities’ for meetings, coffee and snacks for meetings.

  • No marketing budget. Word of mouth advertising will be used. Facebook will be used to spread awareness about the group and encourage new members. In addition, posters will be posted at various colleges/universities. Haafiz will make arrangements to talk with business classes at these schools.

  • If we decide to expand club to other provinces or countries, investors may be needed. Angel Investors will be used. They will be contacted once the club is already up and running so that it shows them that this venture is viable and is already proven.

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