1. Research and summarize an article on leasing versus buying for your small business. As a small business owner, it is typically more beneficial to lease equipment/ vehicles rather than purchase them. Why? What equipment would your business require? Be sure you’re article discusses this aspect, as well as the two different types of leases and the financial pros and cons of each type.
2. Research a local bank for information on their commercial or small business lines of credit. Make sure you provide an explanation of the terms and what the requirements are for a small business start-up to qualify for a line of credit. Write a report (minimum 1 page) detailing your results. You are required to provide your source information to receive credit for this assignment.
3. Biz Builder Business Plan Question
- 8.1 Complete sections A & B.