the main project goals are to prepare a business plan, get financial backing, handle legal issues, develop marketing materials, find a rental space for the music academy, purchase/develop curriculum,...

the main project goals are to prepare a business plan, get financial backing, handle legal issues, develop marketing materials, find a rental space for the music academy, purchase/develop curriculum, and hire staff so you can open for business by one year from now. Work with your teammates (and discuss with your tutor) to perform all or just some of the following executing tasks for this project.




Solve these questions


1.    Research options for getting small business loans. For example, most governments have a small business administration office that offers loans or loan information (see, for example, www.business.vic.gov.au/money-profit-and-accounting/raising-funds-for-your-business/smallbusiness-and-commercial-loans). Some Universities provide loans to alumni. You can also go to banks and credit card companies for funds. Develop a list of at least five different, realistic options for getting financial backing for your new business. Recall that you estimate that you will need $100,000 the first year alone, and you are still short $30,000. Include the source of the 8 funds, interest rates, payment arrangements, etc. Document your results in a two- to three-page paper, including a recommendation on which option to pursue


2.    Research options for a rental space for the music academy. Develop at least five alternative sites. Include a picture of the site, if available, square footage, cost, pros and cons, etc. Document the results and make a recommendation for which site to select in a three- to four-page paper.