Business Financing

Jun 27th, 2015
Studypool Tutor
Abraham Lincoln University
Price: $25 USD

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A limiting factor in the provision of finance for successful business is that fearful word RISK which is uppermost in every lender/s mind. The extent to which the budding entrepreneur can illustrate to his financial backer that the risk element can be controlled through careful planning and implementation of common sense management procedures, will largely determine the success with which the finance tap can be opened to the benefit of the entrepreneur and the finacier. To achieve this, small businessmen must not only have an understanding of how to reach the sources of finance available to them, but must also know how to capitalize on the use of these sources in order to reduce the risk factor. This Problem Solver will give you some reasonable pointers in this regard. Fundamental to the approach will be the fact that the development of small businesses should be based on sound business principles and disciplines, thereby assisting in the efficiency and prof

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SOURCES OF FINANCERisk and sources of financeA limiting factor in the provision of finance for successful business is that fearful word RISK which is uppermost in every lender/s mind.The extent to which the budding entrepreneur can illustrate to his financial backer that the risk element can be controlled through careful planning and implementation of common sense management procedures, will largely determine the success with which the finance tap can be opened to the benefit of the entrepreneur and the finacier. To achieve this, small businessmen must not only have an understanding of how to reach the sources of finance available to them, but must also know how to capitalize on the use of these sources in order to reduce the risk factor.This Problem Solver will give you some reasonable pointers in this regard. Fundamental to the approach will be the fact that the development of small businesses should be based on sound business principles and disciplines, thereby assisting in the efficiency and profitability of their activities.Obtaining funds the correct approachWhen you go to an outfitter to buy a suit, you make sure that it is neither too large nor too small but rather that it fits you perfectly. In the same way, the financial suit of your business should fit perfectly or it will cause problems.Whenever possible, long-term assets should be financed by long-term sources of finance. Short-

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