How can I justify my budget for funding sources?

How can I justify my budget for funding sources?

To justify your budget, start by clearly outlining the objectives and expected outcomes of your project.

What specific data should I include to support my budget?

Include data on projected costs, potential revenue, and any relevant market research that supports your financial needs.

Are there common mistakes to avoid in budget justification?

Yes, avoid vague descriptions, underestimating costs, and failing to align your budget with project goals.

How can I present my budget to potential funders?

Use clear visuals, concise summaries, and focus on how the funding will impact your project's success.