（1）凡可能會為這類企業(yè)的資金從何而來？評估你會選擇哪一個。 （最多750字）
該業(yè)務(wù)針對市場對假日期間租用車輛。隨著越來越多的人愿意在面包車一趟，租賃業(yè)務(wù)是與提高盈利能力（卡薩爾，2014年），私人投資的吸引力。在健康和環(huán)保的方式，這可以建立在同一時間家人和戀人關(guān)系面包車旅行，是時尚了很多人。當(dāng)務(wù)之急是要運行的程序的企業(yè)提供資金。
已知的是用于啟動一個新的業(yè)務(wù)資可以來自多種方式。在一方面，投資回報時間表被認(rèn)為是，這導(dǎo)致了長期資金和短期資金的時間之間的選擇。資金的時間表應(yīng)參與企業(yè)融資，因為投資回報的要求可能招致違約的風(fēng)險，這是一個剛出生的業(yè)務(wù)挑戰(zhàn)�？紤]到在早期小規(guī)模的企業(yè)很容易受到多變的經(jīng)濟(jì)形勢，最好支付投資背部盡可能晚地（田，李，2002年）。在另一方面，資本金或借入可以訪問兩種方式來啟動業(yè)務(wù)。資本資金包括幾個選項，包括投資和股票發(fā)行的直接吸收。對于民營小企業(yè)，從私募股權(quán)直接投資是一條可行之路。負(fù)債來自銀行貸款，債券和其他人。這種分類的紀(jì)錄，與責(zé)任相比，股權(quán)提供公司幾乎沒有財務(wù)負(fù)擔(dān)，如固定支付利息（左，2002年）。然而，資本的資金是艱難的新品首發(fā)，，因為很難招募新的合作伙伴。銀行貸款是新的資助計劃，由于相對較低的利息費用和便利性的常用方法。此外，融資租賃脫穎而出，因為它提供了設(shè)備和廠房與實際安裝。
(1) Where might funding for this type of venture come from? Evaluate which one would you choose. (max 750 words)
This business targets the market for renting vehicles during holidays. With more people willing to take a trip in van, rental business is attractive for private investment with increasing profitability (Cassar, 2014). Travelling in van in a healthy and environmental friendly way, which can build up relationship with families and lovers at the same time, is fashion for many people. It is urgent to fund the program to run the business. 
It is known that funding for starting a new business can come from several ways. On the one hand, payback schedule is considered, which leads to the choice between long term funding and short time funding. The timeline of funds should be involved in corporate finance because the requirement of payback may incur risk of default, which is challenge for a newly born business. Considering that small size business at early age is vulnerable to the changeable economic situation, it is preferred to pay the investment back as late as possible (Tian and Li, 2002). On the other hand, capital fund or borrows are two ways accessible to start the business. Capitalized funding consists of several options, including direct absorption of investment and stock offerings. For the private small business, direct investment from private equity is a practical way. Liabilities come from bank loan, bonds and others. For the record of this classification, compared with liabilities, equity provides corporation with little financial burdens such as fixed payment of interest (Zuo, 2002). However, capitalized funding is tough for new starter, because it is hard to recruit new partners. Bank loan is the common way to fund the new program due to comparably low interest fee and convenience. In addition, finance lease stands out because it provides equipments and plants with actually installment. 
(2) Create your own five year financial plan (from start-up) that you would use to impress potential investors. (Use notes and appendices to show detailed calculations.)
(3) Using your year five financial forecast, how might you value the business? Critically considering the advantages and disadvantages of a full range of exit strategy options, justify which one you would choose. (max 750 words)

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