Finance is a) the management of
money, and b) money resources. All businesses need short-term finance from the
very beginning to start up the business and to cover day-to-day running costs.
This provides the business with working capital. However businesses also need
long-term capital to help them to grow and expand, and this is paid back over a
number of years. Without finance a business would find it difficult to
accomplish anything, for example someone who decided to start up a shop would
need finance at first to just buy the shop and the stock. Even a window cleaner
would need finance to buy equipment such as ladders and buckets. But this can
be taken onto a larger scale, as all businesses need finance at some
point.Sources of finance can be both internal and external. Some
external sources of finance are:·
Borrowing money from family or friends without paying
interest. ·
A loan from a bank or a building society, an agreed amount
is borrowed and repaid over a fixed period of time with interest. ·
An overdraft. (A predetermined credit limit which needs to
be paid back within a certain amount of time)The best sources of finance for my business would probably
be a combination of savings, a loan, and an overdraft.·
Savings are a good way to start a business as you are
under no obligation to pay anything back to anyone. However, the amount you can
put into the business is limited by the amount of money you have saved up, so
other sources of finance are usually needed to back this up. ·
A loan is a good way of obtaining finance, providing you
can write up a suitable business plan to get a loan from the bank. However
loans do have to be paid back with added interest, which can add up to quite a
large amount. ·
An overdraft can be a good way of achieving some extra
pre-agreed money from a bank, for example if you over-spent slightly you’d
still be able to keep afloat until you were able to obtain some more money.
However this needs to be paid back within a given amount of time, for example a
month, Over drafts are usually paid off when you next receive some income,
which for most people is approximately every month.I am going to get a loan of Ј25,000 to begin my business,
from the bank Nat West, which I will pay back over a period of five years. I am
going to combine this with savings of approximately Ј10,000, which should be
enough to get my business up and running for the first year. After the first
year the profits that I should make will go into running the business for my
second year of business. I will pay the loan back at a rate of 5.7%, which will
mean I?m eventually repaying just over Ј32,000, at a cost of about Ј6500 per
year, or Ј535 per month.
Другие работы по теме:
Romeo An Juliet Essay Research Paper hi
Romeo An Juliet Essay, Research Paper hi i need an essay about a character in romeo and juliet that demonsrtated maturity. in a well developed multi pagraph essay and say why you think the character’s maturity was greater than the other characters in the play.
Letter To Shareholder Essay Research Paper March
Letter To Shareholder Essay, Research Paper March 5, 1998 Ms. Mary Ruiz 321 Orange Way Green Valley, Ca 90272 Dear Shareholder: This year has been an exciting and profitable one at Nomad. As a shareholder, let us tell you about our recent successes and the challenges we expect in the coming year and beyond. This letter summarizes the high points of the year and provides valuable details about our work in individual areas of the organization, including finance, communications, quality assurance, and travel.
Oh Really Essay Research Paper Oh Reallyyou
Oh Really? Essay, Research Paper Oh Really, you think i am a lark, the dogs they run and bark, but when i say to them, shut up shut up shut up, you say to be nice to them,
Fantasy Story Essay Research Paper Thinking that
Fantasy Story Essay, Research Paper Thinking that it maybe was about time for something not so spectacular, I grabbed this book by Iain Not-M Banks while I was at the bookstore (getting The Naked God). Good thing.
My Future Essay Research Paper I like
My Future Essay, Research Paper I like options, I like security, and I like power. With these wants, I knew at a very early age that I would enter business and thus I attended a college that specializes in the subject. In my first position out of school, I was hired by Dunhill Equities as a cold-caller. After several weeks of being hung up on by angry prospects, I decided that this career path would not lead me to success.
Shane Essay Research Paper Sometimes I need
Shane Essay, Research Paper Sometimes, I need you more than I need air And sometimes I miss you more than I will forever, never forget the times that we have shaared. The are priceless
Poem Belong Essay Research Paper Where I
Poem: Belong Essay, Research Paper Where I belong I am weak, I am strong I will fit where I belong don’t know where it is for now but it will come, if I allow tomorrow, I start a brand new day
Malcom Swift Essay Research Paper Is the
Malcom Swift Essay, Research Paper Is the campaign finance system an important issue or just another made up problem. Well, it is an important issue and must be dealt with. Many groups have tried to set up
Him Essay Research Paper I think about
Him Essay, Research Paper I think about him day and night The though won’t go away And, oh, how I would hold him tight every second of the day He is perfect, that is true, not an average me or you
College Education Essay Research Paper A College
College Education Essay, Research Paper A College Education One important goal I have in life is to receive a college education. I am pursuing a degree in Finance, but as long as I graduate with a degree, my goal; will be fulfilled. There are many reasons why this goal is so important to me. I will briefly discuss 3 important reasons.
Finace Reform Essay Research Paper After what
Finace Reform Essay, Research Paper After what would be considered the closet race in presidential history, the US Supreme Court needs to find a way to get the public more involved. Senator John McCain and Russ Feingold are pushing towards a campaign finance reform. Republic John McCain is saying that we must put a stop on “soft” money, and increase “hard” money.
Finance Essay Research Paper 1
Finance Essay, Research Paper Arithmetic mean Standard Deviation 1. Intermediate T-Bond2.155925937.08417535 2. T-bond 2.7418518512.7163729 3. EAFE Index7.4907407423.4421382
Euro Essay Research Paper Tax breaks promised
Euro Essay, Research Paper Tax breaks promised by France and Italy to lorry drivers who mounted fuel price protest blockades in the summer looked to set to cause controversy among EU finance ministers meeting in Brussels today (19 January). The concessions are illegal under EU competition law and upset some of the countries? EU partners who were angry that the French and Italian governments gave in to the protesters.
Poem She Sat Essay Research Paper She
Poem: She Sat Essay, Research Paper She sat… helpless in her room praying to whatever god there may be to let her call to him. could god ignore such a painful cry?
No One
’s A Mystery Essay, Research Paper Career choice, for many individuals in our society, is a sociological issue. (Brooks-Gunn & Schempp-Matthews, 1979). We tend to imitate what we see that we
School Essay Research Paper School Where
School Essay, Research Paper School! Where did they come up with that name? I guess because it rhymes with lame Now this rhyme you read will be quite corny Please don’t get upset, mad, or horny
Civil Disobedience Essay Research Paper Thoreau was
Civil Disobedience Essay, Research Paper Thoreau was once sent to jail for refusing to pay his taxes and I support this episode of civil disobedience as justified. Thoreau did not pay his taxes because he objected the use of the revenue to finance the Mexican War and enforcement of slavery laws. He did not request for his money to be used for the enforcement of slavery laws, therefore felt he had the right to protest and act out civil disobedience.
Civil Disobeiance Essay Research Paper Civil
Civil Disobeiance Essay, Research Paper Civil Disobedience Civil disobedience is the refusal to obey civil laws. This refusal is in the form of nonviolence. People who use civil disobedience are usually protesting a
Ode To Boys Essay Research Paper We
Ode To Boys Essay, Research Paper We like them But do they like us The ones we do never fuss They don’t stop in And we wonder why We stress, we bitch We sometimes cry
Australian History Essay Research Paper With the
Australian History Essay, Research Paper With the merging of big players within and between such industries as insurance, business services, banking & finance, media and technology I propose to investigate the impact and feasability of a higher degree of vertical intergration in the form of mergers, acquisitions, convergence, complimentary shareholdings and alliances.
Pro Nafta Essay Research Paper I believe
Pro Nafta Essay, Research Paper I believe that NAFTA should stay in Mexico. It is vital for the growth in the value of the Mexican peso. Not many people are sure what exactly NAFTA does. It reduced tariffs, opened previously protected sectors in agriculture, energy, textiles, and automotive trade. It opened up the U.S.-Mexico border to trade in services with specific rules in finance, transportation and telecommunication.
Campaign Finance Reform Essay Research Paper Campaign
Campaign Finance Reform Essay, Research Paper Campaign Finance Reform: Soft Money One of the key issues facing this year?s Presidential Campaign is campaign finance reform. More specifically, whether or not to ban soft
Life Is Like Essay Research Paper Life
Life Is Like Essay, Research Paper Life is like a car. When it?s new, it usually works all right. As time drives by, it breaks down and needs repairs. Life is like a leaf. In its youth, it
Dare Essay Essay Research Paper What DARE
Dare Essay Essay, Research Paper What D.A.R.E Means To Me Dare has prepared me to say no to drugs in eight different ways. If anyone asks me to do drugs I will know what to do, such as- just ignoring the person or just
The Playground Essay Research Paper I have
The Playground Essay, Research Paper I have a friend I used to know who had a playground where we would go The times we had are fresh in my mind but they are from another time
Accounting Project Essay Research Paper Accounting ProjectBAC
Accounting Project Essay, Research Paper Accounting Project BAC 3AA Profile of an Accounting Department My interview with the accountant of Robin Hood Multifoods Inc. was one of the greatest interviews I have ever experienced. The person whom I interviewed was
