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 its 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 youll 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.
This the link for the above
https://learn.sba.gov/learning-center-launch/learning-center-financing-your-business
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:
o Select any 3 of the
topics listed below from the course.
o Explain each topic.
o Describe the roles
of various stakeholders in relation to those 3 topics.
Topics:
o Estimating startup
costs
o Debt financing vs.
equity financing
o Sources of debt
financing for entrepreneurs and small businesses
o Sources of equity
financing for small businesses and entrepreneurs
o Credit history
o Collateral
o Short-term vs.
long-term financing
o Loans: SBA loans
o Grants
o Venture capital
o Venture capital:
SBIC (SBA)
o Venture capital:
Pros and cons
o Angel investors
o Angel investors:
Pros and cons
o Retirement accounts
o Retirement
accounts: Pros and cons
o 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.
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