FIN 711 Wk 2 – Signature Assignment: Financing Alternatives for Small Businesses and Entrepreneurs

FIN 711 Wk 2 – Signature Assignment: Financing Alternatives for Small Businesses and Entrepreneurs

FIN 711 Wk 2 – Signature Assignment: Financing Alternatives for Small Businesses and Entrepreneurs. 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. You will be awarded a certificate upon completing this course.

Access “Small Business Administration Financing Options for Small Businesses.” Scroll down, and under the Content section, click Course.

At the conclusion of this self-paced course, save the certificate as a PDF file and send a digital copy to your facilitator.

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
  • Sources of debt financing for entrepreneurs and small businesses
  • Sources of equity financing for small businesses and entrepreneurs
  • Credit history
  • Collateral
  • Short-term vs. long-term financing
  • Loans: SBA loans
  • Grants
  • Venture capital
  • Venture capital: SBIC (SBA)
  • Venture capital: Pros and cons
  • Angel investors
  • Angel investors: Pros and cons
  • Retirement accounts
  • Retirement accounts: Pros and cons
  • Reverse mortgages and home equity 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 certificate.

FIN 711 Wk 2 – Signature Assignment: Financing Alternatives for Small Businesses and Entrepreneurs

 

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