This report discusses different potential funding sources for the Bubbly-Bakery.com, a successful bakery business in West London, UK. It explores the benefits and drawbacks of each funding source.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
ASSESSMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 TASK 1 (A).....................................................................................................................................3 Potential funding sources.............................................................................................................3 TASK 1 (B)......................................................................................................................................4 Sources of funding for events......................................................................................................4 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION This report discusses different potential funding sources for the Bubbly-Bakery.com. It is a very successful bakery business, situated in West London, UK. There are benefits and drawbacks of each funding source also has been discussed in this report (Ausrød, Sinha and Widding,b 2017). TASK 1 (A) Potential funding sources Currently there are lots of potential and appropriate sources of funding are simply available in the market which can support to existing management of this bakery firm for easily arranging required fund for its business operations. In this situation some major sources of funding have been discussed below for the Bubbly-Bakery.com with their respective benefits and drawbacks. Bank Loans This is one of the most popular funding sources to different businesses, in which top-level management of this bakery should be used this source within its daily operations for raising fund. Currently many of businesses in the market are taking huge advantages by this source of funding, in which existing management of t Bubbly-Bakery.com also has required to take decision towards using this potential source of funding (Kim and Wyckoff, 2016). Banks provides both type of loan facilities called, short term loan and long-term loan, so that this is thebenefitof this source. On the other side, top-level management of bakery will be required to fulfil very complicated paper work formality, so that this is thedrawbackof this source. Investors This is another key potential funding source to the Bubbly-Bakery.com, in which existing management this business can use this source also for raising appropriate fund. Currently there are lots of investors exists within the market, so this bakery firm needs to be convinced them for investingbusiness.Accordingtothecurrentwell-reputedmarketimageofbakery,the
management can simply convince los of investors to invest in its bakery business. Bubbly- Bakery.com will no need to fulfil complicated formality while raising fund through this source, so that this isbenefitof this source. On the other side, the owner of this business will be lost its full ownership on business after raising fund from this source, so that this is thedrawbackof this source. TASK 1 (B) Sources of funding for events Currently the Bubbly-Bakery.com has decided to arrange a range afternoon teas events to local dignitaries, so that top-level management of this bakery need to find out appropriate sources of funding for these events as well. In this situation, this company can use different funding sources, like; savings, friends and family etc. so that, existing management of this bakery business can be simply raised required fund from these sources of funding for these afternoon teas events (Morkunas, Paschen and Boon, 2019). Currently Bubbly-Bakery.com is a very successful company, so its owner may have sufficient savings, this is very common thing. In this situation, management should use its savings, and it also need to take fund from its friends and family as well. CONCLUSION It can be concluded that there are many of potential funding sources easily available to Bubbly-Bakery.com in the market place, so that upper management of this business should take advantages through these all sources.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books & Journals Ausrød,V.L.,Sinha,V.andWidding,Ø.,2017.Businessmodeldesignatthebaseofthe pyramid.Journal of cleaner production. 162. pp.982-996. Kim, K. and Wyckoff, T., 2016. What's in your list?: A survey of business database holdings and funding sources at top academic institutions.Journal of Business & Finance Librarianship. 21(2). pp.135-151. Morkunas, V. J., Paschen, J. and Boon, E., 2019. How blockchain technologies impact your business model.Business Horizons.62(3). pp.295-306.