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    Funding for a Business

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    In 2-3 pages:

    1. I need funding options (For a US Business; I'm a US resident so maybe US Funding options) available for a Start Up Business.

    2. I need THREE clear examples of such.

    3. Please help me to understand the things I need to have to get funding and to get accepted and why I may not get funding, any possible problems foreseen, etc.

    My small business idea is an Optical Boutique (Eyecandy Eyewear) selling medium to high-end eyewear (eyeglasses).

    Thank you for your help.

    © BrainMass Inc. brainmass.com October 2, 2020, 3:48 am ad1c9bdddf

    Solution Preview

    Please see the attached file. Hopefully this helps you get started.

    As a sole proprietorship opening and operating an optical boutique (Eyecandy Eyewear), we will sell medium to high-end eyeglasses. One obstacle that we must overcome is obtaining capital to pay for initial costs, inventory, and expenses for the first few months until the organization starts to earn revenue. This business will be operated in the United States.

    There are several things that Eyecandy Eyewear will need in order to obtain financing. The first major item would be a business plan. According to Charmayne Smith, "the business plan is a strong business tool, especially for the small business owner. It provides you with every detail about your business and allows you to review the hard, clear facts that are needed to make strong and successful business decisions" (2012). Many financial institutions require a full business plan prior to application for small ...

    Solution Summary

    The expert examines funding for a business.