FINANCE 
1.1 You have been asked to identify a range of sources of finance available to Fort Sport Ltd. These can include raising funds through a combination of finance areas. Please identify at least three sources.
Fort Sport Ltd is a small private company who began trading in April 2013. The company supplies fitness products online to the public and specialising in mid range sporting goods and equipment. In 2014, it wishes to increase its activity in the market and as such need to identify a variety of options for finance.
As a manager of the Fort Ltd I have to consider the available options to finance our company to be able to reach our goals to expand our activities and increase income generated by new products, and new marketing projects.
I have to identify at least 3 possible sources of financing for our company.
Here, I need to make a note that there is a company called “The Bannatyne Group” and they would be interested to invest into Fort Sports Ltd, however we also need to do research and analysis to explore the costs in such an investment, and also focus on market research regarding internet related businesses that is expected to grow throughout in the UK and also world wide.
If all these above mentioned points could meet and satisfy both sides the decision can be made for an agreement of an investment by The Bannatyne Group that is based on facts by our research.
As our company the Fort Sport Ltd is a small company it identifies as SME or Small or Medium Enterprise.
Therefore, our finance opportunities are limited to the options for SME’s.
However, there are still many available financing options to small and medium businesses.
SME in definition
Just to clarify what is an SME I point out that a company with less than 500 employees that will be described as SME.
Other definitions for small businesses:
- Micro enterprises: those with between one and nine employees
- Small enterprises: those with ten to 99 employees
- Medium enterprises: those with
Fort Sport Ltd is a small private company who began trading in April 2013. The company supplies fitness products online to the public and specialising in mid range sporting goods and equipment. In 2014, it wishes to increase its activity in the market and as such need to identify a variety of options for finance.
As a manager of the Fort Ltd I have to consider the available options to finance our company to be able to reach our goals to expand our activities and increase income generated by new products, and new marketing projects.
I have to identify at least 3 possible sources of financing for our company.
Here, I need to make a note that there is a company called “The Bannatyne Group” and they would be interested to invest into Fort Sports Ltd, however we also need to do research and analysis to explore the costs in such an investment, and also focus on market research regarding internet related businesses that is expected to grow throughout in the UK and also world wide.
If all these above mentioned points could meet and satisfy both sides the decision can be made for an agreement of an investment by The Bannatyne Group that is based on facts by our research.
As our company the Fort Sport Ltd is a small company it identifies as SME or Small or Medium Enterprise.
Therefore, our finance opportunities are limited to the options for SME’s.
However, there are still many available financing options to small and medium businesses.
SME in definition
Just to clarify what is an SME I point out that a company with less than 500 employees that will be described as SME.
Other definitions for small businesses:
- Micro enterprises: those with between one and nine employees
- Small enterprises: those with ten to 99 employees
- Medium enterprises: those with
References: http://en.wikipedia.org/wiki/Venture_capital/ Financial dictionary (2009) “Financial Planning” [online] available from http://financial-dictionary.thefreedictionary.com/Financial+planning/ Findarticles (2009) [online] available from http://findarticles.com/p/articles/mi_m3495/is_10_48/ai_109136178/ Block, Stanley B, and Hirt, Geoffrey A. Foundations of Financial Management. New York: McGraw-Hill, 2005.