This essay provides you with an opportunity to discuss the pros and cons of various methods for financing a small business.
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Instructions
This essay provides you with an opportunity to discuss the pros and cons of various methods for financing a small business. When deciding how to finance a small business, an entrepreneur has many options available. Here is a list of common methods for financing a small business: (a) seeking investors who will purchase equity in the business, (b) borrowing from family or friends, (c) applying for a small-business loan from a bank, (d) borrowing against a home, (e) securing a second mortgage, and (f) using credit cards. Of course, each of these options will have advantages, disadvantages, risks, and benefits.
Research the common methods for financing a small business by utilizing the university’s online library. Then, in a one-page essay, discuss the pros and cons of each funding method. Also, if you had to choose one method to finance a small business, which one would it be, and why? Please know that there is not a right or wrong answer for this question. Instead, you are making a recommendation based on your research.
Use APA style to format your essay. Be sure to include a title page and a reference page. However, there is no need to include an abstract.
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