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I am doing a Work Breakdown Structure WBS and i need help coming up with Verb-ob

ID: 2728928 • Letter: I

Question

I am doing a Work Breakdown Structure WBS and i need help coming up with Verb-objective task names for my two deliverables which are Financial and banking for the opening of a coffee shop and the construction, reconstruction and blue prints for the shop. i need atleast 20 words for each deleviarble with 8 sub categoires in each deliverables i mean my two subjects which are the key task that i have to do for financial and banking and the key task that i need for the constructions and everything i need to get the blue prints for this project i just need the task to be in verb objective form not in sentences and atleast 20 words for each deliverable

For instance i have a few already for financial and banking

Financing and Banking

Identify financial need

  Determine what banks look for

            Understand debt financing basics

            Choose financial institution

            Check requirements

            Compile documents

  Submit application

Explanation / Answer

If you’re planning on starting a business, chances are you’ll need some form of capital, which simply refers to the money that finances your business. Therefore, it is important that you know how much money you will actually need to start and to run your business until you reach your break-even point—the point when your sales revenue equals your total expenses.

Different types of finance work in different ways and there are benefits to using the most appropriate source of finance. The more effort you put into understanding the basics of financing, the more likely it is that you’ll secure a finance package that balances your short-term needs with the long-term growth potential of your business.

1. Work out how much you need:

1.1 Draw up a budget.

1.2 Work out how much financing you require and when you will need it.

1.3 Allow for some contingency funding to cover unexpected problems.

1.4 Arrange all you’re financing at the same time - in advance.

2. Assess which funding is suitable:

2.1 Decide how much investment finance you need.

2.2 Decide what short-term borrowings would suit you.

2.3 Decide what longer-term borrowing you want.

2.4 Check whether you qualify for any financial support.

3.Sort out investment finance

3.1 Decide how much capital you can afford to invest.

3.2 Consider taking out a mortgage on your personal property and then lending the money to the business.

3.3 Consider asking family and friends to invest.

3.4 Consider whether outside investors are an option.

4. Establish your creditworthiness

4.1 Prepare available business plan.

4.2 Understand the importance of credit scoring - for you and your business.

4.3 Assess what your business assets are worth as security.

4.4 Check whether you are eligible for the Enterprise Finance Guarantee (EFG).

4.5 Decide whether you are prepared to offer a personal guarantee.

4.6 Consider whether you need to take out insurance.

5. Arrange overdrafts and loans

5.1 Check what borrowing costs will be.

5.2 Compare different lenders to find the best deal.

5.3 Negotiate your overdraft facility.

5.4 Negotiate any loans.

5.5 If you're turned down for a loan, don't give up.

6. Arrange other financing

6.1 Assess which are the best options.

6.2 Consider leasing equipment that you do not need to own.

6.3 Consider hire purchase as an alternative to leasing.

6.4 Consider using factoring to reduce the amount of capital tied up in unpaid sales.

7. Work with your bank

7.1 Keep the bank informed.

7.2 Warn the bank as soon as possible if you expect to run into difficulties.