Answer to Question #278688 in Management for Doscal

Question

a) As the government implements the ‘One District, One Factory’ promise to Ghanaians, the Ministry of Trade has announced for entrepreneurs to submit their business plans for funding. Identify any business opportunity of your choice and prepare a business plan to be considered by the secretariat for funding.

10 marks

b) Discuss various sources Joana can use to source funds for the project should her plan fails to meet the requirements for funding.

Answer 1

a) Company plans can assist you in obtaining funds and attracting new business partners. Investors want to know that they will get a good return on their money. This is where you will detail your funding requirements if you are seeking funding. Your goal is to spell out how much money you'll need over the following five years and what you will do with it. Indicate if you want financing or equity, the terms you wish to apply, and the duration of your request. Give a clear account of how you intend to use your finances.

b) Project funding might originate from a number of places. Equity, debt, and government grants are the most common sources. Alternative financing has significant ramifications for a project's overall cost, cash flow, ultimate liability, and claims to project incomes and assets.