Funding your Business (Online)
What does it take to have a financially feasible business? The short answer is Money! But, where does this money come from? Come explore your business’s financial feasibility in three areas—start-up or expansion, profits, and cash. Then, you will explore potential debt and equity sources of funds to help support these areas and create a financially successful venture.
At the completion of this course, students will be able to:
- Clearly communicate their personal financial goals
- Provide comparisons of financial potential against financial goals
- Deliver information on how to project a business’s profit potential for three years
- Assist participants in discovering ways to improve their business's profitability
- Address the topic of estimating the amount of cash needed and appropriate timing for three years
- Evaluate potential debt and equity sources of funding
- Have information needed to approach potential funding sources
- Understand their own financial goals and your business’s ability to help you reach those goals.
- Have a financial plan to build their business through internal profits.
- Reveal cash needs based on a three-year estimate of cash sources and uses.
- Know how to evaluate potential cash sources to support business operations.
Determining your business’s financial potential
- Identifying your personal financial goals
- Projecting how your business will help you reach your financial goals
- Typical funding stages in business
- Knowing where people get money to start and operate a business
Estimating the business’s profit potential
- Estimating projected sales for three years
- Projecting expenses for three years
- Comparing your projections to industry standards
- Making changes to improve profitability
Projecting the business’s cash flow
- Estimating how much money is needed
- Determining your cash sources for three years
- Determining your cash needs for three years
- Improving cash flow
Evaluating funding needs against potential sources
- What debt sources are available for your needs
- What equity sources are available for your needs
- What the funding requirements are
- Putting together a funding request