Relating Of Finance Available For Marc Day And SwapgameCom Essay

Relating Of Finance Available For Marc Day And SwapgameCom - Essay Example SwapGame is famed for being the first company in the UK to offer video game rental online, as well as give customers the prospect, to retain the games they hire for low pre-played price. It is currently also the pioneer company, to offer online trade-in service, offering gamers with a suitable means to trade in their unwanted games for instant credit, to reduce the price they pay for fresh games. Throughout the UK, Swap Game service has evolved in the past six, and still aspires to offer the unlimited best worth gaming, and service to its customers. Conversely, Business Link is an online resource for businesses and is government owned. It holds vital information, support and services for people’s businesses both larger and smaller ones, established and starting ones. It involves useful online paraphernalia such as calculators and best practical case studies and also broad support. There are several sources that Swap Game can use to raise funds for its starting up as well as it s expansion. These sources can be either internal or external. Internal sources surface from retained profits while external sources are obtained from other outside sources. These sources include banks, owner’s savings, hire purchase, leasing and mortgaging when starting, in 2008, and the other forms such trade credits and sale and leaseback as well as grants for expansion, in 2010. Others such as debt collection and sale of assets are also suitable means to raise funds to begin the swap game business.... These sources include banks, owner’s savings, hire purchase, leasing and mortgaging when starting, in 2008, and the other forms such trade credits and sale and leaseback as well as grants for expansion, in 2010. Internal sources of finance The sources identified for 2008, are appropriate and easily achievable, as the funds such as savings come from the owner, and a viable business plan can earn the business loans from the banks, to start up. Others such as debt collection and sale of assets are also suitable means to raise funds to begin the swap game business. For expansion, in 2010 the sources identified are appropriate since they will need an established company so as to consider them for loans and funding. This includes companies such as Spong, game and eurogamer.net, who are partners and funders of SwapGame. Businesses need funds in order to operate. In some cases, the business cannot raise the required funds to satisfy it needs. It is crucial for businesses to have diffe rent sources, for raising income (Newman, 2010, 146). The advantage of using the internal sources of income is that, the business will be debt free, and will save money by avoiding the payment of interest required when external sources are used. Internal sources, however, are not readily available for the users, and in most cases, the funds raised internally are inadequate for the intended purpose. Internal sources also limit the business ion that the funds raised are not large amounts, which can satisfy the adequately cater for the business needs. In the case where internal finances are not sufficient, the business needs to employ external bodies to ensure that they rise the finances required