Suppose you need $1 million dollars to start your Dream Business. Research ways to get the money for such a business. Compare two (2) sources of financing you might obtain. (e.g., Small Business Administration (SBA), private investors, private loans, personal assets, and / or personal credit cards.) Identify the risks and benefits of your two (2) choices
Required amount of money to start the new business is $ 1 million.
Two sources of financing which can be obtained is
1. Private investors
2. Personal loan
1. Private Investors
The business model should be ready. and be able to impress the investors the whole idea of business and get the targets achievable. By getting the interest of investors, the return of finance would not be a burden because investors are more interested in the benefits of the business. Thus, there will be no interest burden on the business. Business can focus only on the core areas. Risks would be to gain the investor's interest in the business model.
2. Personal Loan
On the basis of business plan and little mortgage , personal loan can be obtained. There is no requirement of fulfilling and sharing of profits with other investors.Thus, wholly the benefit would be sole handed
There will be interest expenses irrespective of the profits made or not by the business model.
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the...
Suppose you need $1 million dollars to start your Dream Business. Research ways to get the money for such a business. Compare two (2) sources of financing you might obtain. (e.g., Small Business Administration (SBA), private investors, private loans, personal assets, and / or personal credit cards.) Identify the risks and benefits of your two (2) choices
1. Imagine you are reviewing a business plan. In which section of the business plan would you expect to find the answers to the following questions? Question Financial Statements Marketing & Sales Management Service or Product Line How much money will the owners invest in the business start-up? How will the salespeople for this business be compensated? What are the unique features of this business’s merchandise? 2. As you have planned for your new business, you have obtained a lot...
MARKETING RESEARCH URGENT Assume you wish to start your own online business these days knowing that the digital natives and even other generations have shifted their buying behavior into online for personal reasons and due to the pandemic. Accordingly, you are entitled to answer the following questions: 1- Clarify the type of business you consider to launch and list some of the products/services you aim to sell. ( 150 words - 15 points)
Sources and Use of funds: Assuming, that you are planning to start-up your Grapefruit Juice company, you have personal savings of $30,000 and collect $40,000 from friends and relatives who would like to either have their seed money returned by the end of this calendar year at no interest or by the end of the second year of operation with 5% interest. If you borrow 50,000 from Bank of America, and $50,000 from Capital One Bank. 1) Outline the funds...
CONTEXT OF QUESTION The year is 2020. You just got your dream job as a stock broker on Wall Street. They gave you a nice signing bonus and you are making a lot of money. You also have the opportunity to make a large year-end bonus if you meet your sales quota. But your Boss has a reputation for firing new employees that don’t reach those sales goals. Timing could not have been better because your student loans are thru...
The year is 2020. You just got your dream job as a stock broker on Wall Street. They gave you a nice signing bonus and you are making a lot of money. You also have the opportunity to make a large year-end bonus if you meet your sales quota. But your Boss has a reputation for firing new employees that don’t reach those sales goals. Timing could not have been better because your student loans are thru the roof and...
The year is 2020. You just got your dream job as a stock broker on Wall Street. They gave you a nice signing bonus and you are making a lot of money. You also have the opportunity to make a large year-end bonus if you meet your sales quota. But your Boss has a reputation for firing new employees that don’t reach those sales goals. Timing could not have been better because your student loans are thru the roof and...
1. [Bank Loan Considerations] Assume you started a new business last year with $50,000 of your own money, which was used to purchase equipment. Now you are seeking a $25,000 loan to finance the in- ventory needed to reach this year’s sales target. You have agreed to pledge your venture’s delivery truck and your personal automobile as support for the loan. Your sister has agreed to cosign the loan. During your initial year of operation, you paid your suppliers in...
The year is 2020. You just got your dream job as a stock broker on Wall Street. They gave you a nice signing bonus and you are making a lot of money. You also have the opportunity to make a large year-end bonus if you meet your sales quota. But your Boss has a reputation for firing new employees that don’t reach those sales goals. Timing could not have been better because your student loans are thru the roof and...
Directions: You are asked to prepare a short piece of writing indicating the two career paths you have chosen to research for your Career Development Research Paper, and what types of research strategies you will use to complete the assignment. You have the option to research two potential entry level positions you may obtain upon completion of your degree, or you can research career ladder opportunities you may be interested in. You will compose a proposal in the form of...