Modern day business requires some form of robust financial muscle and strategies to ensure the business do not go under the belly. To achieve this, a whole lot of financial planning and forecast will have to be done and questions will have to be answered; the accuracy of the answers gotten will go a long way to determine how successful the business venture will be.
Most times entrepreneurs go the distance to seek for business loans from financial institutions and other enterprise banks. Getting these loans most times can be an uphill task due to the cumbersome processes involved and the doubts these financial institutions do have as to whether these new business start-ups will survive and also repay the loans.
Some of the questions that comes to mind include whether entrepreneurs will be able to pay back the loans, what are the marketing strategies to be used? Which area is best for the business to be cited? Who are the most suitable target markets? What are the possible exit strategy should the business fails?