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  • Slide: 1
  • Nick has a current coffee shop business, how he will manage this business and becomes successful?
  • Slide: 2
  • Nick, To become successful, you need to plan your short-term financing option such as trade credit. Because trade credit can help prioritize the suppliers to shop payment goods such as milk, beans and cups. And the Short-Term bank loan to help repaid the employees. These options can help provide funds such as supplies and rent.
  • Hello, Sophia, how this will be successfull business?
  • Nick, For the long-term financing option in this business, you have to identify this one, too. First, you need to have a traditional bank loans, equipment financing and investor funding. These mentioned will helped spreading the cost, major renovations and start-up costs.
  • OK, Sophia, so, how this will become relevant in business for long term financing options?
  • Slide: 3
  • To get this business successful, you need to know the Short-Term and Long-Term financial options to avoid bankruptcy. You need to measure the Time, the Revelance, Measure, Attain and focus on you business to invite more guests at the Nick's coffee shop.