Funding For Business And Service Industries

people from the middle and high income will be able to afford the services of the restaurant. The price range will fall somewhere in between $10 to $25.

There are various different types of internal and external sources of finance that a company may use.

Basic source of finance are shareholders & borrowed funds. Business finance loans are one of the most feasible sources of finance gathering tool for any company. In order to expand or to start a new business, the business financing plays a vital role in the modern day’s market.

The restaurant industry is a simple concept, the store prepares the food, and consumers pay for it. Some people visit restaurants in order to save time or enjoy a certain taste that the restaurant has cornered. Others choose to eat out for celebrations and special occasions. Then others want to have a meeting place or study location to call their own. Whatever the reason for a consumer to eat out, there is a restaurant for them. Restaurants cater to all of the above reasons and take time to study and apply strategic principles in order to get customers in the door.

A menu offers a multitude of choices. We choose keeping in mind our taste, our health , the time we need to wait to be served and also the price of the item in mind.

First, profits are the result of corporate contribution to society. If the business provides the community with the necessary products and services in an efficient way, then the business will earn profits. Therefore, profit is

There are other sources of funding aside from debt and equity financing such as grants. A grant is a sum of money given to the company without any requirements to repay the money and without anyone becoming a partial owner (Adelman & Marks, 2014). In most cases, the grant will come from a particular organization and will have a set standard for how the grant can be used. The Small Business Administration also helps companies receives grants if they met the size requirements for number of employees and annual revenue (Adelman & Marks, 2014). While it can be difficult to

Sales and profits increase because of the larger market segments. The business is able to reach more customers and provide their products and services.

Also we know there are a number of ways of raising finance for a business. The type of finance chosen depends on the nature of the business.

The money may be obtained from family, friends, angel investors, or venture capitalists. Businesses are not obligated to pay back the money as investors hope to get back their investment from future profits (Barney & Hesterly, 2014). A business that can attract high-profile investors raises its credibility. Borrowing Capacity

Firms to carry out their business needs to finance themselves to raise the necessary financial resources.

Most of the catering is done on per-head basis. In order to earn the profit the caterer keeps the cost of food and supplies below the flat rate. Caterers have the option to sell fixed menus or the flexible ones depending on the food demanded by the people.

Profit: To generate sufficient net profit in sales to further fuel the growth of the business

Business is an organization that provides goods or services to their clients in order to get money (BBC, 2014). In this world there are lots of different types of businesses like banks, shopping centres, schools, restaurants, jewellers, warehouses and etc.

The word "Business" has been defined as an organization involved in trade of goods and services.There are stupendous numbr of businesses which are existing in almost all the countries in the world,producing various kinds of goods and providing different types of services to make the lives of people better.Most of them are done for profits and only few is carried out for charity