Entrepreneurs need to raise money when they start a new business or expand their operations. Many entrepreneurs may not be aware of various financing options they can use. Raising money is one of the functions of finance and it’s helpful to know how small businesses raise capital.
The U.S. Small Business Administration is a government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters”. The agency’s activities are summarized as the 3 Cs – capital, contracts, and counseling.
The Small Business Administration offers practical online courses, including one on Financing Your Business, which you will access for this assignment. This self-paced course will increase your understanding of financing alternatives for entrepreneurs. You will also become familiar with the pros and cons of these alternatives, and you’ll gain insight into financing alternatives.
Access “Financing Your Business” from The Small Business Administration. Complete each of the following course topics:
Financing Your Business Overview
Your Financial Needs
Estimating Startup Costs
Debt Financing vs Equity Financing
Credit History
Collateral
Short Term vs Long Term
Loans
Grants
Venture Capital
Angel Investors
Retirement Accounts
Revers Mortgage and Home Equity Loans
Crowd Funding
Peer-to-Peer (P2P0
Family and Friends
Finance Your Business Conclusion
Note: You do not need to complete the Finance Your Business Worksheet.
After completing the course, write a 350- to 700-word reflection in which you do the following:
Select any 3 of the topics from the course.
Explain each topic.
Describe the roles of various stakeholders in relation to those 3 topics.
Cite any references to support your assignment.
Format your assignment according to APA guidelines.
Submit your assignment: the reflection and a copy of your screenshot.
Resources
Center for Writing Excellence
Reference and Citation Generator
Grammar Assistance