Seven Action Exercises To Financing Your Business

Here are seven action exercises that you can use to apply what you\’ve just learned.

Number one. Develop a complete business plan that shows your cash requirements for the next 12 months. What are they?

Number two. Develop high, medium, and low sales estimates for your business for the next 12 months. What are they?

Number three. Determine three different ways that you could get the money you need based on the ideas discussed in this chapter.

Number four. What three methods could you use to finance your business with other people\’s money, such as your customers or suppliers?

Number five. What could you do today and for the indefinite future to achieve and maintain an excellent credit rating?

Number six. What are three of the key factors that banks look for when deciding whether or not to lend you money?

Number seven. What are three of the key numbers that you should have every day in the operation of your business?

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You have completed Module 9 of 12. I will see you again in Module 10