We are a company that offers HR solutions to small businesses.

The product allows for an easier, more efficient way of managing payroll and benefits, saving our customers money by automating these time-consuming tasks:

The team would be made up of people who have extensive knowledge in the HR industry, but we are also innovative and want to bring changes into the industry by developing cost-effective solutions:

 

The business model is based around subscription rate plans.?

A low monthly fee for each employee you manage on the platform. This monthly fee would range from $150 to $500 per month depending on the size of the company and the type of payroll package they choose.?

It would require $150,000 in order to establish our company as an official business and begin seeking customers. This money would cover the costs of hiring new employees for customer service and sales, marketing our company, setting up a website, and starting online advertising.?

 

Requirement: How would you go about financing this business endeavor?

Answer rating: 100% (QA)

There are several ways to finance a business some of which include Selffunding using personal saving... View the full answer