Question: Betsy wants to start a business making flags. She has calculated that she will need $62,500 to start the business. The money will be used
Betsy wants to start a business making flags. She has calculated that she will need $62,500 to start the business. The money will be used to rent a building, purchase equipment, hire workers, and begin production and sales. Betsy has $12,500 in savings she can invest in the business.
Required
A. What alternatives might Betsy have for obtaining the additional $50,000 she needs for her business?
B. What information about her business will lenders or investors want to have?
Required
A. What alternatives might Betsy have for obtaining the additional $50,000 she needs for her business?
B. What information about her business will lenders or investors want to have?
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