GMS 200 Study Guide - Quiz Guide: Stock Trader, Credit Card Debt

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: jj

Document Summary

Here are some ways that i can use to finance my small business: Personal savings from a full-time job can be used to invest in the business. Equity investment helps an investor make money accessible for use by allowing an share in ownership of the business. This investment includes money from people, including your family, yourself, friends, or other organizations in the business. This investment money can be from inheritance, personal savings, personal loans, business partners, friends and family, or stockholders. Government grants are the money most businesses seek as it is free money. But most government funding programs are usually business loans that require repayment of the principal amount and interest. There are commercial loans available for small businesses. These loans can be short- term or long-term. Credit card debt is one of the most expensive kinds of debt. Creating new positions as a result of business expansion.