1. Business finance

2. To start up my business and keep everything running on a smooth level I will need to borrow a loan to cover my start up costs which include: renting out the premises, raw materials, shelving and advertising. I have chosen to borrow a loan as I need immediate funds for setting up the business and also I will need to pay it back in a few years from what my business produces. I will be using a Santander business account to manage my money from what the business produces. I have chosen this as it is a reliable service and you get 18 months free banking. As well as that it also has a interest rate of 0.25% which means you earn money back from what is in your bank account.

3. My business ownership will be a sole trader as me as an individual will be managing the business on my own. I have chosen this as it is the simplest way to run a business and it does not involve paying any registration fees, keeping records and I get to keep all the profit