You need to convince prospective lending sources that you can achieve your dreams and build a profitable enterprise.

Build a profitable enterprise

Now you need to sell your product or service. You need to convince prospective lending sources that you can achieve your dreams and build a profitable enterprise.

Prepare an executive summary and a three-page paper, in APA format, selling your business idea to the lending source of your choice. Remember, you need to be both factual and persuasive.

  • Describe your business.
  • Explain your expenses.
  • Specify your financial needs for the first year.
  • How will you use the lender’s money to create profit and repay the loan?
  • Use your budget as support for your claims. In your supporting evidence you should include a break-even calculation in dollars to strengthen your repayment plans discussion.

Be sure to format your paper and cite any sources using APA style.

Save your paper as a Microsoft Word document named LastnameFirstInitial_ACC202_M5A2. Submit your document to the Submissions Area by the due date assigned.

Assignment 2 Grading CriteriaMaximum PointsExecutive summary20Break-even calculation40Master budge70Written analysis80Conclusion20Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources using APA style; displayed accurate spelling, grammar, and punctuation.20Total:250

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