Aug
29
2011
I need to make it profitable for a business to fund my education?
I spoke with the owner of my fathers company about funding my education. He said that he would help me if I could find a way too make it beneficial to the business. So my question is, are there any tax credits, or something that would help me convince him that helping me would help him?
I would need about 35000 a year for four years, and this business takes in about 10 million a year in profit.
This conversation was published at Accounting Services of Charlotte, NC
Tagged Business, Education, Fund, Need, Profitable
trh2000_2000August 29, 2011 at 6:45 am
You are thinking about it wrong. If they were to invest 140,000 in you, how can they be sure they’ll get their money worth?
Think about it just like this. . . You are the boss, and there is a new project that could bring in some money to you. However, the start up costs is 100k. After you run the numbers, you find out that if you were to invest that much, the most you’ll get back as a profit is only 60k. Which means, you’ll take a 40k loss if you invest that. Now, knowing all this, would you be willing to do that project knowing you’ll lose money? No, you wouldn’t.
Now, on the flip side, if you were to make 140k profit, then it might be worth your time. Get it now?
What can you bring back to them to help them earn more money? If you can make a case saying you’ll turn there 10 million a year profit into, lets say, 15 million in 3 years, they that 140,000 is definetly worth it.