Reference no: EM132137540
Question: 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.
Assignment Steps
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.
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