Chapter 12 discusses several options to finance a venture of starting a small business. For this assignment, you will create a plan on how you are going to finance the business you chose in the Module 5 assignment. Follow the steps below for this assignment:
State your new venture and the estimated cost of this venture.
Describe, in detail, the source(s) you are going to use to finance your business.
Include the answers to the following questions in your essay.
How will you implement this source of financing? You may use more than one source, and in some cases, you must use more than one, to finance a startup venture. Keep in mind, some sources of financing are better for not-for-profit and some are better for inventory.
Why did you choose this source of financing?
How, and why, does it fit in your plan for your startup?
Will this source of financing cover all costs, such as equipment, furniture, etc.? If so, how?
Add any additional information you feel is relevant to fully explain your choices and plan.
Follow APA guidelines for citing your sources and references.
See rubric associated with this assignment for grading criteria.
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