- Would you sell – What factors would influence the decision to sell a component of the business to raise capital to facilitate growth of another component of the business? If you owned a small business, what factors would influence a decision to sell the entire business?
- Point of Sale System – What types of benefits and services must a small business expect from a bank that it has a merchant account with? What other useful tools, such as inventory management assistance or a point of sale system (POS), would a bank offer its customers? Suppose you own a small business and are researching with which bank to open your merchant account. Which benefit, service, or tool offered by banks is most important for you? Explain why.
- Collateral – How might collateral be used to secure long-term financing? What are the advantages and disadvantages of using collateral to secure long-term financing? If you owned a small business, what types of situations would warrant using collateral to secure long-term financing?
4. Short and long-term Financing – What are the differences between short- and long-term financing? What are some of the popular types of short-term financing available to small businesses? Suppose you own a small business. What is a situation where short-term financing would be beneficial for your company? Explain why