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Finance, cash flow and insolvency

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Kishan Hirani Unit 7 Finance, cash flow and insolvency Finance, cash flow and insolvency To: Head of Finance Department From: Kishan Hirani Date: 31/03/2008 Re: Sources of Finance Task1 (P1) An additional need of finance is always required by the business to expand. In this case my client intends to set up a business as a hairdresser. Operating from a small hairdressing salon in south Woodford, as he intends to establish the business as a sole trader and convert to a partnership In the near future, therefore he will need the help of additional finance to be successful. However the amount of finance available to my client to trade as a sole trader and then as a partnership is limited, however there is still a range of options from which he can make a decision. Some of the options available to him include. Trade Credit Sale of Assets Personal Capital Hire Purchase/Lease Bank Loan Retained Profit Credit Cards Bank Overdraft...

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