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Create Your Own Company
Initial CapitolMy life savings since I decided to open a business.
My own savingsSo I can back a lot of the business.
Bank loansThey give me a limited time but it is extended due to the amount.
SponsorshipBecause I get more money for doing what I would normally do (advertise and sell their products).
These two are very good sources of capitol, because my own savings (I don't have to pay back if my business fails) and banks will be able to tell me if they think that my idea will work or not and their repayment scheme is remarkable.
In this section I will talk about positive and convincing views about my business proposal.
My business shall be successful as you can see from my cash flow forecast (see 2.92) that in the 2 years I will have made a profit of £83, 552 which is a lot for only 2 years of trading and that includes loan repayments.
Here I will evaluate my chances of success.
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