HELPFUL RESOURCE: The following link is also a helpful resource for completing the assignments (and in general): https://www.sba.gov/. Specifically, the following article on choosing your location and equipment may be helpful for this assignment: www.sba.gov/starting-business/choose-your-business-location-equipment.
ASSIGNMENT 5 INSTRUCTIONS
Please provide your answers in thought-out, coherent paragraphs and use complete sentences.
Sources of funding:
Â· How did you choose to finance your company â€“ with equity capital, debt capital, or both? Explain why. How did this decision impact your business?
Â· What source of seed money did you open the business with? How much working capital did you begin with? Was this money sufficient? Why or why not?
Layout and location:
Â· What factors impacted your decision in choosing the location for your business? Did the decision impact the profitability of your company? Explain.
Â· When choosing the site (layout) of your business, did you opt for a larger or smaller facility? Explain why. What was the impact of this decision, specifically in terms of customer service?
Â· How did your equipment purchase decisions impact your business?
Â· After completing the simulation, would you have changed your location, site, or equipment decision(s)? Why or why not?