10 Jul Purpose of AssignmentThis assignment asks you to describe a new b
Purpose of AssignmentThis assignment asks you to describe a new business you’d like to start, as well as the advantages and disadvantages of starting a business from scratch versus buying an existing business.Assignment StepsWrite a 1,050- to 1400-word paper on funding a business, in which you: Describe the various types of funding available to a business, and include at least three examples. Explain the advantages and disadvantages of each type of funding. Identify the best source of funding for your business, and explain why you selected this source. Explain how you plan to grow and support the business over the next 3-5 years. Describe the major costs that you will need to cover prior to generating any revenue, and how you plan to cover your cash management. Determine your anticipated ‘break-even’ point at which you expect to start seeing a return on your investment (for both your investors and you).Format your paper consistent with APA guidelines.
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