Fin 375 Week 3 Complete Uop Exam Assignment

FIN 375 Week 3 Complete

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DQ1.What types of financial partnerships are available for small businesses? What are the advantages and disadvantages of having a financial partner in a small business? If you were opening a small business selling and installing floor tile, why might a financial partnership be of interest to you? What potential problems, if any, might a financial partnership lead to in the future?

DQ2.Why is it important for a small business venture to gain support from prospective financiers and key customers? If you started a business venture, how would you describe your venture to gain support from prospective financiers and key customers?

DQ3.One of the first important steps in establishing a small business is doing research on markets and the business in general. For most potential small business owners the cost of buying the information is prohibitive so the alternative is to use resources available to the public. Think of the type of information you might want and then where you might be able to find information. Share your ideas with all of us and by the end of the week everyone will have some references and ideas to use in the future. I will start the conversation by identifying demographics which are important in introducing any new product or service. I would start by using the Bureau of Labor Statistics (www.bls.gov) which provides extensive information on demographics down to the local county or city level. Can you add any other resources useful to obtain demographic information and what other types of information would you want to obtain or study? Where might you go for general information on small business?

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