Ask Question
BusinessBusiness
10 April, 04:20

Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture with capital. What should he do as a preliminary step in beginning his new business?

+3
Answers (1)
  1. 10 April, 07:22
    0
    The correct answer is: to start a business plan.

    Explanation:

    To begin with, if Jeffery is looking forward to start a new business and with that he needs to persuade lenders or investors then he must start a business plan with enough information and strategies that can show to those people the fact that the business has a solid background and more than that it will show also that Jeffery is a serious person and will compromise to pay all the lends he take. That is why, the preliminary step in beginning his new business will be to make a plan where he state all the information necessary to start.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture with capital. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Best birdies produces ornate birdcages. the company's average cost per unit is $18.00 when it produces 2,200 birdcages.
Answers (1)
A perpetuity pays $280 per year and interest rates are 6.7 percent. How much would its value change if interest rates increased to 8.2 percent? (Round your answer to 2 decimal places.)
Answers (2)
Salter Mining Company purchased the Northern Tier Mine for $91 million cash. The mine was estimated to contain 1.88 million tons of ore and to have a residual value of $6.4 million.
Answers (1)
Sidewinder, Inc., has sales of $658,000, costs of $334,000, depreciation expense of $79,000, interest expense of $44,000, and a tax rate of 21 percent. The firm paid out $74,000 in cash dividends.
Answers (1)
What if Jennifer were to invest $2,750 today, compounded semiannually, with an annual interest rate of 5.25%. What amount of interest will Jennifer earn in one year?
Answers (1)
New Questions in Business
Interest can be regarded as the Group of answer choices a. dollar amount of loanable funds that a person borrows to invest in a capital good. b. rate that a lender receives for the use of the lender's loanable funds. c.
Answers (1)
Supply base rationalization:A. explains why a particular supplier has been chosen for a particular requirement. B. is an attempt to reduce the total number of suppliers to an organization. C. is an excuse by a supplier for poor delivery. D.
Answers (1)
The American Cancer Society has been sending letters soliciting donations for years. When they added pre-printed address labels personalized as a gift to the receiver of the solicitation, donation levels went up by 30%.
Answers (2)
Nuclear Company's costs were over budget by $25,200. The company is divided into Left and Right regions. The Left Region's costs were under budget by $1,500. Determine the amount that the Right Region's costs were over or under budget.
Answers (1)
What is the role of the Office of the Comptroller of the Currency? 1. it adjusts the interest rates for loans. 2. it ensures all financial institutions follow banking laws. 3. It protects up to $250,000 of customer deposits. 4.
Answers (1)
Home » Business » Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture with capital. What should he do as a preliminary step in beginning his new business?
Sign Up Forgot Password?