You should also look for a bank that will offer you a loan with friendly terms

You should also look for a bank that will offer you a

This preview shows page 1 - 2 out of 2 pages.

be able to pay back the loan plus the interests attached to it. You should also look for a bank that will offer you a loan with friendly terms such as low-interest rates. 3. Information about the viability of my business idea is of paramount importance. I first will need to know whether my proposed business will thrive in the market to earn me profits. In finding out this I will conduct a market research to establish whether there is high demand for the goods that I intend to supply to the market, and fewer suppliers to meet the demand. Explanation:
Image of page 1
The level of control that you wish to have in the business is important in choosing the type of financing to use. Another thing that you should consider is the time taken to raise such funds, for instance, crowd-sourcing as a finance tool takes more time to raise funds for your venture. However, this depends on how viable your business idea is to the potential financiers that you are targeting. The surest financier that I would recommend therefore is those banks which offer low- interest rates and are friendly to small businesses. In addition to that, it is important to look for information about the market through a market research to ensure your business idea is viability to avoid incurring losses instead of earning profits.
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes