Your father has always wanted to start a bakery. He learnt you are doing a course on Entrepreneurship and has asked for you to provide him with guidance on how to go about the process. His major knowledge gap is determining how to raise enough capital to buy all the equipment, do leasehold improvements and other costs required to open the doors of his dream bakery.

Tasks:

1. Research the options he has to open a bakery in terms of a franchise or single name and make a recommendation to him. In your recommendation outline what that option entails and why he should take this route.

2. Determine the total cost of starting the business - show your computations

3. Explain to him the options he has for financing and make a recommendation on how much he will need to have for his investment in the business versus how much the financial institution will lend him.

4. What are the requirements he will need to satisfy?

Your project should be submitted as a PPT document - a maximum of 20 slides. Note, you will not be presenting your answer