Case Study: Banquet Cinema
Banquet Cinema
By: Donna Vining
BUS 368 Venture Capital & Banking
Instructor: Melody Clements
April 2, 2012
Banquet 2
The Banquet Cinema
Last year while on vacation, we went to a dinner theater. We had a great time. This got me to thinking that it would be a great opportunity to start a business in my home town like this. There would be little competition because there is only one small theater in town. I would have an advantage over this theater because my cinema would offer dinner and a movie.
Now that I have decided to start a new business venture, I will need to develop a business plan and determine how much capital will be needed. The business plan will include startup expenses. These include …show more content…
The most logical place to start is with your personal savings. The next place most entrepreneurs turn to is to borrow from family and friends. Other sources to obtain money for the venture is from venture capitalists, angle investors, banks (for short or long term financing), and often vendor …show more content…
Angel investors are independent financiers. They can be anyone from your attorney, accountant or some other person who wants to invest in your business. These investors are not as strict as a VC, but they do expect great returns for their expenditures. Angel investors are just one option for finances. Another avenue to consider would be to obtain a loan from a bank. Industrial banks are more responsive in making a loan than a standard bank. Banks can provide either short or long term financing. Short term financing includes bank credit, trade credit, installment credit, loans from cooperatives and customer advances. On the other hand, long-term financing is a loan that is for duration of a year. These loans are extended to companies that have a deficit of resources. In addition to bank financing, a business owner can be approved for vendor financing. This a short term loan from another company extended to you so that you can purchase the
By: Donna Vining
BUS 368 Venture Capital & Banking
Instructor: Melody Clements
April 2, 2012
Banquet 2
The Banquet Cinema
Last year while on vacation, we went to a dinner theater. We had a great time. This got me to thinking that it would be a great opportunity to start a business in my home town like this. There would be little competition because there is only one small theater in town. I would have an advantage over this theater because my cinema would offer dinner and a movie.
Now that I have decided to start a new business venture, I will need to develop a business plan and determine how much capital will be needed. The business plan will include startup expenses. These include …show more content…
The most logical place to start is with your personal savings. The next place most entrepreneurs turn to is to borrow from family and friends. Other sources to obtain money for the venture is from venture capitalists, angle investors, banks (for short or long term financing), and often vendor …show more content…
Angel investors are independent financiers. They can be anyone from your attorney, accountant or some other person who wants to invest in your business. These investors are not as strict as a VC, but they do expect great returns for their expenditures. Angel investors are just one option for finances. Another avenue to consider would be to obtain a loan from a bank. Industrial banks are more responsive in making a loan than a standard bank. Banks can provide either short or long term financing. Short term financing includes bank credit, trade credit, installment credit, loans from cooperatives and customer advances. On the other hand, long-term financing is a loan that is for duration of a year. These loans are extended to companies that have a deficit of resources. In addition to bank financing, a business owner can be approved for vendor financing. This a short term loan from another company extended to you so that you can purchase the