The results of this study of business and society will illustrate that borrowing money through business loans is a more logical option using details described in our business scenario and to describe another form of a financial management decision that could fund your business start-up. I will identify the advantages of obtaining a Business loan and how you can progressively turn this method into an inconvenience to your future business operations. In conclusion I used information from the business scenario and extensive library research to determine that licensing the technology is a good alternative method for these particular financial problems in manufacturing a product.
[...] A license may be essential for the preservation and improvement of a developed product that is recognized but is susceptible to extinction by a new design or new manufacturing procedure. The person that granted the license, or the licensee, gives knowledge in the specific trade covered by the license. The licensor is usually motivated about the projection of making profits off your product so they can give valuable insight on the market for the product, this association usually is more like a partnership. [...]
[...] Small Business loans are usually granted with low down payments and have the flexibility to be scheduled to match your monthly loan re- payments with the estimated revenue from the earnings of the product. This technique will reduce financial management tension on your operational income. Interest payments on business loans are also tax deductible and business loans can be used for almost any purpose; equipment, bills, prototype material, etc. The bank only has obligations to an interest return on its loan, not a percentage of the profits earned by your technology or a share in the company's stock that an investor would stipulate. [...]
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