Financing Alternatives for Small Businesses and Entrepreneur
Wk 2 – Signature Assignment: Financing Alternatives for Small Businesses and Entrepreneur
Assignment Content
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 a practical online course, 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 “Small Business Administration Financing Your Business” and complete each section of the course
At the conclusion of this self-paced course, take a screenshot of your course progress showing completion and send a digital copy to your faculty member.
After completing the course, write a 350- to 700-word reflection in which you do the following:
Select any 3 of the topics listed below from the course.
Explain each topic.
Describe the roles of various stakeholders in relation to those 3 topics.
Topics:
Estimating startup costs
Debt financing vs. equity financing
Credit history
Collateral
Short-term vs long-term financing
Loans
Grants
Venture capital
Angel investors
Retirement accounts
Reverse mortgage and home equity loans
Crowdfunding
Peer-to-peer (P2P)lending
Family and friends loans
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.
Valuation: Measuring and Managing the Value of Companies, Ch. 29
Read Ch. 29, “Strategic Management: Analytics.”
Read Ch. 29, “Strategic Management: Analytics.”
Wk 2 Supplemental Materials
Review this week’s Supplemental Materials.
Review this week’s Supplemental Materials.
Financing Alternatives and Capital Structure Decisions
Calnan, C. (2017). Finding the right funding partners. Business NH Magazine, 34(10), 46.
Daks, M. (2018). Primed for growth: Initial funding can make difference. Njbiz, 31(29), 14.
Goodman, M. (2016). One bazillion potential shareholders. Entrepreneur, 44(7), 58-63.
Gould, M. (2018). Financing the corporation. Research Starters Business, 1.
Hall, J. (2018). Debt and equity: Two sides of mezzanine funding: This flexible financing option has earned its stripes in every kind of economic climate. McKnight’s Long-Term Care News, 16.
Loan away from home; Private debt in emerging markets. (2019, June 22). The Economist, 431(9148), 61.
Nemia, J. (2018). Understanding the evolving retail landscape and the need for asset-based lending. Secured Lender, 74(7), 18-21.
Phillips Erb, K. (2015). Debt, equity and startup money. Forbes.Com, 7.
Worth, J. (2015). Money to grow on. Entrepreneur, 43(3), 62.
Paper Format: APA
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