If an individual needs funds to finance a small business and does not want to finance the business using loans, what other sources of funding might be available? Briefly describe each potential source of funding and indicate what kind of business enterprise would be the ideal candidate for each source of funding.

If an individual needs funds to finance a small business and does not want to finance the business using loans, what other sources of funding might be available? Briefly describe each potential source of funding and indicate what kind of business enterprise would be the ideal candidate for each source of funding.

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter16: Mastering Financial Management

Section: Chapter Questions

Problem 4CC

See similar textbooks

Similar questions

Consider a business idea that you could imagine starting up in your local area. Explain what source or sources of funding might be available to you, approximately how much money you think you would need, and why you would choose that particular source or sources. How would you convince the potential funder or funders that they should invest in your idea?
Discuss any five funding strategies that entrepreneurs can utilise as financial assistance during the development phase of an enterprise or business and briefly explain the importance of these strategies
Think about the factors involved in each of the situations below. Solve the problems by applying the concepts in Chapter 18. Where can your firm find financing? Prepare your initial discussion by providing a detailed response with at least three paragraphs. Your company needs a new copy machine quickly. The high-volume, multifeatured model you want costs $3,000, but your small business doesn’t have that much cash on hand right now and doesn’t want to borrow at this time.
Assuming that you are a local investor and would like to open a business in one of the tourist destinations. Do you hire local staff? What sort of training do you have for your staff?
Explain the role of finance and the different types of jobs in finance. Identify the advantages and disadvantages of different forms of business organization.
Discuss at least five organic sources of funding and why you would consider them as the best options of funding?
What is debt financing? Identify ONE advantage and ONE disadvantage of debt financing?
What is the reason why most startup firms are not qualify for a factoring scheme to earn cash?
How can a nonprofit organization overcome the disadvantages of the fundraising by using donors
What is the reason that startup companies are generally not eligible to receive cash through a factoring program?
Discuss the following Is it wrong to borrow or charge interest for business? How does the Bible relate to the subject of charging the various types of interest? Exodus 22:25, Exodus 22:25, Deuteronomy 23:19-20.
Identify four or five potential critical success factors for a large savings and loan institution.