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Your client has just begun the process of setting up this business. A business plan has been produced, the target market identified, raw materials sourced
Your client has just begun the process of setting up this business. A business plan has been produced, the target market identified, raw materials sourced and manufacturing premises located. The next step is to figure out how to finance the business, and the client has come to you for advice. Write a report for your client recommending the most appropriate sources of finance for THIS business, given its particular size and characteristics. For the purposes of this exercise, if there is something you need to know about the business in order to finalise your recommendations, make an appropriate assumption, but be sure to specify all assumptions in your submission. You should discuss all sources of finance appropriate for this business, with reasons for your recommendations. You should also explain why other sources of finance would not be appropriate for this business. The client is in the start-up phase of the business, so you should initially focus on sources of finance appropriate for that phase of the business's life cycle, but in order to provide a quality service to your client, you should also recommend the best sources of finance for future expansion of the business
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