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Imagine you were the CEO of a cosmetic company. What are the ways to ensure access...

Imagine you were the CEO of a cosmetic company. What are the ways to ensure access to funds from product sales?

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Answer #1

Bootstrap financing is a cost effective way to raise funds for business operations. This allows the company to gain financing based on the company’s earnings and assets. Factoring is one of the method in which the company sells its accounts receivables to a financing company at a discount rate. Receiving a letter of credit from customers and use it to purchase materials from suppliers is a source of financing. Revenue based financing is a loan based on fixed repayment target over specific years. It is based on the revenue stream of the company to payoff debt service payments. Retained earnings are another source of funding as it is self-financing. The profits obtained are ploughed back into the company and reinvested.

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