Explaining the creditability of new business venture

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Reference no: EM13944768

You are a young entrepreneur who wants to start up a Carwash business in the Sydney Metropolitan area. You are highly driven and motivated but you will need new innovative ideas to distinguish your Carwash from other carwash places in the area and gain competitive advantages. In order to start a business you need capital. You have an initial personal capital outlay of $50000 but need more money to start up new business venture and therefore need to apply for a $200000 loan from a bank of your choice.

The bank has requested from you to submit a business proposal explaining the creditability of your new business venture and how it will succeed.

Write a report (business proposal) of 1500 words to be addressed to bank.

Reference no: EM13944768

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