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Task 3 Congratulation! The bank has decided to offer you a loan to start your own chosen business. However, you are still unsure as to whether to start it. You have decided to write a report to the bank outlining some of your concerns. Write a report discussing the issues that needed to be considered when starting and running a business. You must also back-up any recommendation made for starting or not starting your business. Structure in the following fashion: 1. To: The Manager of (Name of bank) From: Date: Re: 2. Introduction 3. The Qualities you have to start a business 4. The Factors that need to be considered when starting and running a business 5. The Possible Advantage/Strength of starting and running your own business 6. A Concluding Summary in the form of a SWOT analysis table: Strength of running your own business Weakness/Disadvantages of running your own business Opportunities /Advantages presented The threats posed to the new business in running your own business Your Final Recommendation (based on the evaluation) as to whether you should start your chosen business The report should include details of the unit that you have been studying. Refer back to earlier work to help you complete section of the report. Checklist of evidence Presentation required Criteria covered by this task: Unit/Criteria reference To achieve the criteria you must show that you are able to: D2 lustify recommendations made for starting a business