Understanding Management
Understanding Management
9th Edition
ISBN: 9781285421230
Author: Richard L. Daft, Dorothy Marcic
Publisher: South-Western College Pub
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Chapter A, Problem 7DQ
Summary Introduction

To determine:

The personal skills required to keep the financial bankers confident for the new business, and the skills required for dealing with informal sources and the ones most useful for receiving funds and whether these considerations would affect the financing strategy.

Introduction:

The financing strategy of a business would depend on your personal skills of how you approach your financial bankers in order to keep them satisfied even at times of crisis, and some of these skills can be useful for dealing with informal sources such as family and friends. But the method of approach would be quite different to that of receiving funds from potential investors.

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