The Sources of Funding
Introduction
"Money begets money. – John Ray"
Setting up your own small business or becoming a contractor seems very
appealing to many computer professionals. Though many businesses
finance start-up or expansion from personal assets, sooner or later
virtually all business owners need assistance from a financial
institution. It is difficult to do business without ever using credit.
[PISE] lists the various sources of funding available but the main
focus of this report will be to discuss how these ‘financial packages’
appeal to us and the difficulties which company’s or entrepreneurs
face to obtain these funds.
The report will try to conclude with a justification as to why one
method is preferred to another and evaluate against the most commonly
used source of funding today.
Grants and Government initiatives
Throughout the UK, there are hundreds of grants and support schemes
available via many different organisations and institutions. However,
the acceptance criteria of applications depend on many factors.
[Government Paper] suggests that grants should “play an important role
in boosting other – perhaps more relevant – areas of the innovation
system”.
The factors may include the area of business start-up, certain
business sectors or specific sectors of the population.
Whilst considering the variety of grants available, I was surprised at
the amount and range of grants available and the many acceptance
criteria. In many cases, the acceptance criteria was so strict and the
grants so small, that the effort involved in application, hardly
seemed worth it.
‘In many cases, compani...
... middle of paper ...
...ding for small businesses and entrepreneurs
were obtained by banks and the remaining 63% covers other sources. The
exhaustive, unappealing application process for which bankers loans
were famous for, are now becoming a thing of the past.
Bibliography/ References
[PISE] – Professional Issues In Software Engineering – Frank bott
[ZDNet] – http://news.zdnet.co.uk – Government aid brings tech jobs to
Yorkshire.
[Carol Graham] – Sources of funding for businesses – Carol Graham
(2000).
[Financial Times] – www.financialtimes.co.uk – The truth about bank
loans.
[Natwest Bank] – Business Information Fact sheet, Seeking Venture
Capital.
[British Venture Capital Association] – www.bvca.co.uk
[Government Paper] – www.parliament.the-stationary-office.co.uk - The
use of incentives to boost innovation.
The following report analyses Johnson and Johnson from a third party perspective. The report will commence with an overview of operations followed by an evaluation of the company; its financial performance, capital structure, and dividend policy. Additionally we aim to provide advice to potential investors based on relevant financing theories to whether or not it is a good company to invest in.
Activity-based funding (ABF) is widely used in the manufacturing industry and is becoming a common costing method in health care. Hospitals in Europe, Canada, Victoria and Western Australia are currently being financed by activity based funding and more are making the switch. This essay will examine the practice of Activity based funding and determine if value is being added with regards to costing within hospitals and to what extent.
UK Increasingly a Nation of Entrepreneurs. (2003) Available from: http://www.prnewswire.co.uk/cgi/news/release?id=114873 [Accessed on 22 July 2011].
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Farid Ullah, The Robert Gordon University David North, Middlesex University Robert Baldock, Middlesex University. (2011). The Impact of the Financial Crisis on the Financing and Growth of Technology- Based Small Firms in the United Kingdom ISBE RAKE FUND
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Adelman, P. J., & Marks, A. M. (2010). Entrepreneurial finance. (5 ed.). Bedford, Texas: Prentice Hall.
All business activities require finance to establish itself physically in a location and to fund daily activities of the business. This money can be acquired in two ...
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"So", writes the immortal Dr. Seuss, "be your name Buxaum or Bixby or Bray or Mordecai Ali Van O'Shea, you're off to Great Places! Today is your day! Your mountain is waiting. So…get on your way!" Unfortunately, unlike the graduating class this speech was addressed toward, many students in today's urban education system are not of to "Great Places", and will never get the chance to move mountains. These students attempt to learn without textbooks, proper laboratories, or even pencil and paper. The schools are falling apart around these children; in some cases sewage continuously floods the halls, the crumbling roof cannot shut out the weather, and there are even gapping holes in classroom walls. It is definitely not "their day".
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