You decide to work for a few years before starting your own firm: you secure a well-paid job in a relatively cheap living cost-area and can save 20% of your take home pay: After five-years, post-graduation you are offered partnerships in two consultancies, the first one, employing 7 people is working in financial advice to local authorities (regional government) on how to maximise their income from different 'council tax'(UK) paying household types: using a proprietary credit rating system, which requires a large leasing contract (a sort of franchise). This company has been lent (leverage) a significant figure (20\% of the firms asset value), in the form of a 10 year unsecured loan - towards operating expenses, from a US credit agency; on the basis of a 5-year renewable lease on that firm's proprietary software. ... the second consultancy is a longer-established firm (10 years) employing 15 people of whom 8 are graduates in business or technical disciplines, providing financial and commercial advice to regional investment agencies to firms providing advice on geographical location for small and medium sized business (they employ geographers, finance people and 1 economist). The firm you may 'buy into' (as a partner) was an offshoot of a local University but was bought out' by the management (trio) who own the firm and run an attractive apprentice and pension scheme - there is no corporate debt and 6 months operating activities worth of savings in a Barclays Bank high-interest business account. You will work in sales. Write a 'memo to self', on financial and operation grounds, on the relative attractiveness of getting involved in either* of these two companies, occupying similar niches (business services), as prospective stable employers (900 OR FEWER words) [credit ratings - leverage - business cycle - personal finance - sources of finance - financial management \& planning] *Extra note: you might not care to join either organisation. Also OK, but state why