Monday & Tuesday: Business Plans (19-20/09/2011)

Day 1,400, 11:27 Published in United Kingdom United Kingdom by ApronChef

I am going to talk about business plans, and what you can do to achieve them.

If you want to fulfil a small/minor business plan, lets say for 500 GBP, I would advice you to earn the money yourself because borrowing the money would just be a waste of time.

However, if you have a business plan that would cost around 2,000-10,000 GBP, I would advice getting in contact with the Bank of England (BoE: Bank of England Loans)

The Bank of England can loan out a maximum of 10,000 GBP to each person, however there is one hitch, it must be repaid within 30 days, but on the plus side there is currently no interest rates.

The Bank of England asks for a plan and how you intend to pay it back and you have to prove you can pay it back.

Here is a example business plan, and how to it is justified and that it can be repaid back.

Example:

I would like to borrow 3,000 GBP

For:
1 plot of land (1x1,000= 1,000 GBP)
1 Oil Rigs (1x2,000= 2,000 GBP)

1,000 + 2,000 = 3,000 GBP overall

What I already make:

Work = 140 GBP
3 Grain Farms: 35x3=105 105x0.30= 31.5 GBP
1 Fruit Orchi😛 70x0.30= 21 GBP
3 Iron Mine: 35x3=105 105x0.35= 36.75 GBP
1 Oil Rig: 70x0.30= 21 GBP
1 Q1 Weapons Factory: 16x6.5= 104 GBP (105+70=175, 175-160=15 WRM)
*1 Q1 Food Factory: 140 Food (105+70=175, 175-140=35 FRM)
15 WRM x 0.35 = 5.25 GBP
35 FRM x 0.30 = 10.5 GBP

5.25 + 10.5 + 104 = 119.75 GBP Daily

*If you need a loan, you cannot sell food, you need that to fight, as buying food to fight will put you behind on repaying it.

How I intend to repay it:

What I make Already: 119.75 GBP Daily

With Loan I will make: 49 GBP
2x70=140 140x0.35= 49 GBP

I will make (119.75+49=168.75) 168.75 GBP daily

3,000 / 168.75 = 17.7777777777 days, aka 18 days, or 20 days to ensure you have time to make one mistake if it happens.

Any questions comment below or private message me.

You have been reading Atlas News for Monday and Tuesday (Investment and Business)

I hope it was worth the read, please comment below if so/not.

*Any Errors, please comment below and I will correct them, I am not great at math 😁*