Question: The authors in the text discussed the key issues that impact the finance and accounting issues of a new small business. A new small business

The authors in the text discussed the key issues that impact the finance and accounting issues of a new small business. A new small business owner evaluates the available funding sources and compares those sources to the needs of the new small business.

Consider a scenario where you are a new small business owner and your business is expected to open in one week. You just received a call from the bank and they revealed that the business loan that you applied for did not get approved at the bank. What would you do? You are scheduled to open the new small business next week.

What are some alternative funding options that you could consider to ensure that the new small business opens on time?
Summarize the actions that a new small business owner could consider if unable to pay the workers that assisted in the start-up tasks of the new small business.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A Greek electrical appliance manufacturer has three trucks that its various departments, such as production, receiving, mould shop, and maintenance shop, use as needed. The users have expressed that...

Please read the article and answer about questions. Why Accounting Matters to Small Business The way many people think of it, what makes a business businesslike is its focus on making money, and in...

Management Science Journal - Please read and summarize the attached journal entry. The summary should discuss the main finding(s), the methods used, the implications of the work, and, importantly,...

READ THROUGH THE ATTACHMENT VERY CAREFULLY FIRST as I need comprehensive help completing this workbook. I am also doing. its just to make sure I am doing the right thing. It is based on starbucks...

{ tao kei nai.pdf 0 : Based on your investigations on Top Ittipad and his company, answer the following question with detail discussion Title Group 1 2 3 Analyse the supply chain system of the...

1 Strategic Plan, Part 1: Environment Scan Strategic Plan, Part 1: Environment Scan The creation of Starbucks formalized in 1971 from three college friends who saw the knack for coffee in their...

few Strategic Decisions on key issues - From the role of CEO - Spotify case study IESE Business School IES86 University of Navarra October 2021 Spotify: Face the Music (Update 2021) Govert Vroom...

CASE DISCUSSION TAO KAE NOI SEAWEED SNACK "I like to eat seaweed and chestnut and that's why I am in this business. But you can't think just for today or tomorrow when doing business, you have to...

Pauline's Pierogi Pleasures This case focuses on the marketing plan and marketing issues required to expand a business from a small operation catering only to a handful of stores and restaurants to a...

You are selected to be part of the team in the Rajus Hill Strawberry Farm located in Cameron Highlands. (b) Formulate the Integration Strategy to export Cameron Highland's strawberry products to...

Asher charged $58.25, $111.58, and $12.29 on his credit card this month. The APR for his credit card is 21%. How much in total will Asher owe if he pays the balance in full during the grace period?

Recognizing a valuation allowance for a deferred tax asset requires that a congany take an apgessive approach in its tax plarning. consider all ponitive and negeative information inde lermining the...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...