Essay
Level 3 BTEC Business Unit 36 M3 [2nd Year]
- Institution
- Pearson (PEARSON)
Essay of 2 pages for the course Unit 36 - Starting a Small Business at PEARSON (M3.)
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By: stormsky1999 • 6 year ago
By: jamesmitha13 • 8 year ago
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Financial Implication it How this aspect System that I'llwill have on my will embed into put in place
business my business
Banks The implication This aspect will The system that I'll
which the bank will embed into my put in place to
have on my business because record my costs
business during I'll be using the and expenses is
the startup is that bank loan to help that I'll be
I will have to pay me start up with downloading a
back in small my business. The system which I'll
amounts every bank loan will record my
month at a enable me to expenses on the
interest rate. cover expenses on database and this
Another the machinery, will enable me to
implication which equipment and find out how much
affects the startup stock. I've spent and how
of my business is much I've spent.
that I'll get the all
the money I need
to cover the
expenses on
machinery and
stocks and this will
help me open up.
Friends or Family The implication This aspect will The system that I'll
which friends and embed into my put in place in
family will have on business because order to track
my business I'll be using my down in what I've
during the startup, friends and family spent the money
is that I'll have to help me on, is that I'll be
support from them financially with the storing the
financially and this costs of the information online
will enable me to business on the database,
cover costs from operation. This will because I will have
purchasing a be an extra to repay back to
patent for my support as I can my friends and
business name to cope with the family once I've
rents of the expenses and cost made a profit.
business. of certain
operation of the
business. Opening
a business in a
fast food industry
requires a lot of
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