Financing a business start-up
Develop a financial plan for a start-up business.
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
- Construct basic financial statements (projected) for start-up business
- Examine the effects and significance of cash flow for a business start-up
- Recommend strategies to maximise future investment potential of a business start-up
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
- Valuing a new start-up
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: Time and investment, by Tumisu, dedicated to the public domain.
The course was assembled from the curriculum outline originally developed by Thomas Edison State University.