why do business needs funds
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When an entrepreneur takes a decision to start business the need of fund arises in order to meet the expenses of establishment of business, finance is required for purchasing fixed and current assets, for day-to-day operations, purchase of raw material, to pay salaries etc.
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Firms need finance to: start up a business, eg pay for premises, new equipment and advertising. run the business, eg having enough cash to pay staff wages and suppliers on time. expand the business, eg having funds to pay for a new branch in a different city or country.
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