Probability according to forbes

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Probability According to Forbes, 80% of businesses fail. Remember that percentage often can be viewed as probability. You have just started a job at a bank and potential business owners are approaching you for startup loans for their business. It is your job to make wise decisions and only give loans to businesses that have a higher probability of succeeding. answer the following questions: List five questions that you would ask the potential business owner that might indicate the probability that the business will fail. Explain your reasoning behind the questions asked. For example, one question might be for a restaurant: "Will you have a drive-thru available?" Of course this only applies to fast food but it is a critical element for a fast food restaurant to thrive. Customers want their food fast if they go to fast food. If they have to head inside then that is not fast. You can be specific about business types if necessary.

Reference no: EM131677840

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