finance
Member rating: No Rating | Words: 662 | Submitted: Sun Feb 24 2008
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One of the key considerations when starting a new enterprise is how to raise the finance to purchase equipment or fund your day-to-day expenses. Every business needs to have a clear plan for where it is going and what it is trying to achieve. Finding investment to start a small business can often be arduous and time consuming, particularly if you have no trading history, few savings, poor credit ratings, or no security. All businesses will need finance at some stage in order for them to start up, grow in size, perhaps buy new machinery, or help with the day-to-day running of the business. WHY DO BUSINESSES NEED FINANCES There are many reasons why a business would need finance. Sometimes finance is needed for just a short period to help overcome a temporary shortage of funds, for example when waiting for a customer to pay a large bill. On other occasions, finance...

