Financing and managing a business startup
Develop a financial plan for a startup business launching a new product or service.
What’s it about?
In this micro-course, you will prepare a financial report identifying and outlining the financial aspects of a business startup which indicates the likelihood of a successful venture, including interpretation of financial statements, and the effects of cashflow.
What will I learn?
Upon successful completion of this course, you will be able to:
- Review principles of economics and how they relate to small businesses
- Explain why start-ups require finance
- Identify financing options for new venture start-ups in their own country and describe the differences between them
- Read and interpret financial statements of a business
- Examine the effects and significance of cash flow for a business startup
- Prepare documentation required for a business loan
There are four learning pathways, each containing numerous resources and activities. The learning pathways are:
- Principles of economics for small businesses
- Financing a new start-up
- Understanding financial statements
- Applying for a business loan
This micro-course forms part of the larger Introduction to Entrepreneurship course of study coupled with IENT101 and IENT102. On completion of the three associated micro-courses, if learners wish, they can be assessed for academic credit.
Anyone is free to participate in this course. An internet connection and basic web-browsing skills are recommended, with the ability to create a blog and use online communications tools (instructions and self-study tutorials provided.) You are requested to keep a personal learning journal, as reflection has been shown to markedly increase learning.
The course and assessments are conducted in English. This is a university level course and you should be able to communicate fluently and accurately in spoken and written English.
Image credit: Smartphone and finances, by Geralt, dedicated to the public domain.