For the past five years, you have operated a successful SME (small medium size)
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For the past five years, you have operated a successful SME (small medium size) business, that has generated profits each year.
However, you have just been given an opportunity to manufacture a product that has been successfully made and marketed overseas.
However, to take advantage of this good very business proposition, you will need to significantly increase the size of your company, both in terms of its manufacturing capacity and its financial resources. You will need to find additional factory space to rent or buy to house the new equipment that will also need to be purchased.
Additional staff will need to be hired and trained for the new production process, and the firm will need additional working capital.
It is estimated that should you go ahead with the opportunity, you will not have new product produced for marketing for about one year, given the need to source funds, property, staff, and order and set up and test the new machinery.