Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John Pandeni started a small business in Dolam to build solar powered chargers and sell it online to customers across Namibia. He is in

John Pandeni started a small business in Dolam to build solar powered chargers and sell it online to 

John Pandeni started a small business in Dolam to build solar powered chargers and sell it online to customers across Namibia. He is in need to expand his manufacturing facilities and requires urgently N$75 000, as the demand for his solar power chargers has increased after he featured on NBC's Tutaleni show. Until now, John and his family has provided capital for the business. He approached you to explain how crowd funding, peer to peer funding and business angel financing works. Required: Explain to John each of the financing options and advise him which of the (5) financing options could suit his business at this stage.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Sure here is an explanation of each of the financing options and advice on which one could suit Johns business at this stage Crowdfunding Crowdfunding is a method of raising capital from a large numbe... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Materials Management

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

8th edition

9386873249, 134156323, 978-9386873248

More Books

Students also viewed these Accounting questions

Question

Where does an MRP system work best?

Answered: 1 week ago