Managing Financial Resources and Decisions
Managing Financial Resources & Decisions
By: * * Introduction Top of FormBottom of Form | In this report we are going to help Mr T Jones to start his fast food restaurant in Manchester. Mr T. Wants to start a franchise restaurant Wimpy and needs help with the financial resources and planning part.
Step one, there are different souses of finance and it’s divided into internal and external finance, money that comes from within a company and the opposite any way in which company raises financing other than using its own money. (See page 4). We are now going to go thru different options of finance for Mr T franchise. | |
Task 1
1.1 Range of sources of finance for different businesses.
Here are most common sources of business financing for small or large businesses. * assets /”love money” * banks/credit unions, * government assistance * business partners/strategic alliances * venture capital ”angel investors” * “going public” , PLC
Assets/ ”love money”
Top of FormBottom of Form | It is essential for a start-up business to have personal savings, assets in order to finance the business and make it work. However in most cases it’s rare for start-up businesses to have enough personal savings to completely finance the whole business. In order to have chance to borrow money from the bank you need to have some amount of savings and bankers tend to see the amount of personal savings you are willing to put in to your business as an indicator of a business owner’s commitment to the business. ”Love Money” is just as it sound, money from family and friend who support your business. Money is provided as a loan or as a gift, either way’s there should be agreement document between bout parts that includes record of everything that has been said. | | Banks /credit unions
One of the most common sources of financing that is used by business owners is banks,
By: * * Introduction Top of FormBottom of Form | In this report we are going to help Mr T Jones to start his fast food restaurant in Manchester. Mr T. Wants to start a franchise restaurant Wimpy and needs help with the financial resources and planning part.
Step one, there are different souses of finance and it’s divided into internal and external finance, money that comes from within a company and the opposite any way in which company raises financing other than using its own money. (See page 4). We are now going to go thru different options of finance for Mr T franchise. | |
Task 1
1.1 Range of sources of finance for different businesses.
Here are most common sources of business financing for small or large businesses. * assets /”love money” * banks/credit unions, * government assistance * business partners/strategic alliances * venture capital ”angel investors” * “going public” , PLC
Assets/ ”love money”
Top of FormBottom of Form | It is essential for a start-up business to have personal savings, assets in order to finance the business and make it work. However in most cases it’s rare for start-up businesses to have enough personal savings to completely finance the whole business. In order to have chance to borrow money from the bank you need to have some amount of savings and bankers tend to see the amount of personal savings you are willing to put in to your business as an indicator of a business owner’s commitment to the business. ”Love Money” is just as it sound, money from family and friend who support your business. Money is provided as a loan or as a gift, either way’s there should be agreement document between bout parts that includes record of everything that has been said. | | Banks /credit unions
One of the most common sources of financing that is used by business owners is banks,