Eric has faced the lower sales from his laundry business and itbusiness has gone to bankrupt. Eric get some ideas to revitalizehis business. He suggest to provide new services such as drive thrulaudry service ( customer will get a receipt after 3 hours comeback to collect and they no need to get out from car especially thelock down of COVID 19), cooperate with GRAB to have a pick upservice at cusmoter's house ( after 3 hours will deliever tocustomer ).
1-Since Eric got the ideas how to reorganize his business, butnow he is lack of capital to reorganize. Discuss how personal fund(Bootstrapping, personal fund, family and friend) and DebtFinancing (commercial bank, SBA Guaranted Loan Program,Crowdfunding) can raise Eric capital. (400words)
2-Do you think these new business concept will be sucessfull ?Why? (200Words)
Please teach me the strategics to raise capital so that canreorganize the business that faced this situation. Thank You
