Purpose of Assignment
This assignment asks you to describe a new business you’d like to start, as well as the advantages and disadvantages of starting a business from scratch versus buying an existing business.
Write a 1,050- to 1400-word paper on funding a business, in which you:
- Describe the various types of funding available to a business, and include at least three examples.
- Explain the advantages and disadvantages of each type of funding.
- Identify the best source of funding for your business, and explain why you selected this source.
- Explain how you plan to grow and support the business over the next 3-5 years.
- Describe the major costs that you will need to cover prior to generating any revenue, and how you plan to cover your cash management.
- Determine your anticipated “break-even” point at which you expect to start seeing a return on your investment (for both your investors and you).
Format your paper consistent with APA guidelines.
Submit the assignment.