Now you need to sell your product or service. You need to convince prospective lending sources that you can achieve your dreams and build a profitable enterprise.
Prepare an executive summary and a three-page paper, in APA format, selling your business idea to the lending source of your choice. Remember, you need to be both factual and persuasive.
- Describe your business.
- Explain your expenses.
- Specify your financial needs for the first year.
- How will you use the lender’s money to create profit and repay the loan?
- Use your budget as support for your claims. In your supporting evidence you should include a break-even calculation in dollars to strengthen your repayment plans discussion.
Be sure to format your paper and cite any sources using APA style.