Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Respond to the following discussion prompt:

Discuss the pros and cons of:
1) Finding outside financing for your business
2) Saving your own money to self-finance your business

Then, make a personal selection as to which option you would choose for your business, and justify why you made that choice.

Sagot :

GinnyAnswer

Final answer:

Discussing the pros and cons of finding outside financing vs. self-financing for a business and making a personal choice with justification.


Explanation:

Finding outside financing: Pros include access to larger amounts of capital, spreading risk, and potential expertise from investors. Cons involve interest payments, loss of control, and potential conflicts with investors.

Saving own money to self-finance: Pros include maintaining full control, avoiding interest payments, and demonstrating commitment to potential investors. Cons consist of slower growth, limited capital availability, and personal financial risk.

Personal choice: I would choose self-financing to maintain control and avoid interest payments, as it shows commitment and aligns with my risk tolerance.


Learn more about Business financing here:

https://brainly.com/question/42515618


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.