Assessing Business Start-Ups Flashcards
1
Q
Why start ups can be risky and may fail: (give 3)
A
- Poor cash-flow management
- Lack of effective planning
- Lack of finance to fund the business
2
Q
Banks provide a majority of ?
A
external funds, in the form of loans and overdrafts
3
Q
Finance to cover 2 types of expense needed:
A
- Equipment and premises
- Cover day-to-day expenses
