Owners funds Flashcards
1
Q
Owners funds
A
Money that is put into the business from the private savings of the owner. Many businesses are started using the owners own savings, inheritance or redundancy pay from a previous employer.
2
Q
Owners funds Advantages
A
- No need to pay interest or repay finance.
- Retention of ownership by the individual.
3
Q
Owners disadvantages
A
- Amount available may be limited
- Puts stress on the day to day finance of the individual.
