Thursday 14 June 2012

Financial Contingency

Self-Drive is operating well and very stable. Its unlikely that they will face risks, however if anything happens there are plans to overcome the problem.

We negotiate firmly with suppliers and dealers of our vehicles to make sure that our expenses and output is reduced. This is normally used for Growth and Development.

Our expenses such as: Rent, Energy Bills, Labour, HP of cars, Insurance, Admin costs, Marketing and etc.

We try and lower them every month making sure that we can save some money for investment or for protection in a event of a risk. Also having cheaper mechanics and repairers and ect will help to lower costs and make it easier to pay off the debts.

Our Good Credit History and stability of the business will ensure that we can easily get loans and finance to use immediately. These loans could be used to pay off your expenses or investing into new cars and premises.

Cash Flow and Profit Loss Account

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