PART 1
You have a great idea for a wonderful product but as most fledgling companies funding is an issue. This is one of most involved and complicated aspect of starting a business. For the purpose of this assignment, we will limit our options to the choices listed below. In real life there are more choices, and some are very worthy. As example are small business loans issued by the government, such as the Small Business Administration. Another option are investors, and they can come from any walk of life. These are people who like your company’s idea and are willing to take a chance on your company’s success. Lastly, you may be very fortunate and have a rich relative who is willing to help finance your business, or you may have come upon an inheritance.
(Remember to do PART 2 of the assignment which is listed below)
For now, let’s consider the following financing methods. These are the same as those discussed in the financing lecture.
1) Asset based financing -a specialized method of providing companies with working capital and term loans that use accounts receivable, inventory, machinery, equipment, or real estate as collateral. It is essentially any loan to a company that is secured by one of the company’s assets.
2) Factoring a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
Be sure to respond to each of the questions thoroughly and completely.
1) Please select one of the above listed financing methods you think is best for your company and explain why your company made that choice.
2) What factor or factors influenced your decision
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PART 2
Lead Time is the amount of time between process initiation and completion. For the customer the lead time is the time between a confirmed customer order and its scheduled delivery based on your company’s terms and conditions.
There are several different types of Lead Time, but we will focus on the Customer Lead Time.
s have an ability to astound in reinforcing a youngster’s turn of events. To begin with, they can reinforce a youngster’s mental abilities. The mental abilities that are getting improved by playing with legos are fine coordinated movements and math abilities (Sri). Legos arrive in an immense scope of shapes and sizes, which can prompt wandering aimlessly a youngster’s hands, fingers, and arms. This advances coordination and smoothness which are required for kids for specialties, penmanship, and dressing themselves. Legos likewise help in a kid’s number related abilities since youngsters need to figure out how to add, deduct, duplicate, or separation the number of pieces they that requirement for their creation. A review has been finished to check whether Legos really increment mental turn of events. There were two gatherings of children and one gathering had the option to play with legos for a month and the other gathering couldn’t play with Legos. After the month, the children were put through a progression of tests to perceive how well their fine coordinated movements created. Through the review, it was seen that the children, who played with Legos for a month, had a critical increment on their mental turn of events. Second, Legos can reinforce a kid’s close to home abilities. Legos can assist with supporting a youngster’s personal improvement by providing them with a feeling of achievement and to show them steadiness. With the feeling of achievement, youngsters can feel a deep satisfaction after they make something, which can prompt an expansion in fearlessness. Legos can show youngsters perseverance since Legos are little, which can prompt slip-ups. This permits the youngsters figure out how to adapt to the dissatisfaction of missteps and to continue to work until they hit the nail on the head. Finally, Legos can help in interactive abilities by helping out peers. Kids can help out friends to fabricate something together.
Legos have likewise had the option to act as an establishment for future professions. They can act as an establishment since kids that have played with Legos are as of now presented to abilities required in later vocations. By fostering a kid’s number related abilities and capacity to follow unpredictable bearings, this has considered future designers and draftsmen to prosper in their fields. A model would be the way a lady’s girl has had the option to utilize her previous encounters with Legos to have the option to involve them in her occupation being a designer. She had the option to review past plans she made with Legos and carried out them in the structures she plans now(Cooke). Legos have likewise helped individuals in workmanship vocations. Legos assist youngsters with investigating their innovativeness by being incorporated into anything that they can envision. There are currently specialists that emphasis on for the most part utilizing Legos to make bits of craftsmanship.