This module introduces you to the financial issues faced by entrepreneurs and how they go about securing financing for their startups/SMEs. It explores the different options that are available to entrepreneurs for raising funds for a new business venture, and the pros and cons of these options. The course gives you an understanding of the function of venture capitalists and the venture capital cycle, as well as angel investors and private equity firms in the financing of new business ventures. It will offer insight into how these funding sources are accessed, as well as on the potential benefits and disadvantages involved. You will examine and evaluate the funding journey from a business-wide perspective, considering the nature of the business, the timing, the scale, the product/service, the market, etc. By the end of this module, if you are aiming to start your own business, you will have a good idea of where to start when it comes to financing.
● Demonstrate an understanding of the financial issues faced by entrepreneurs, startups and SMEs.
● Understand the differences and similarities of VC funding from other kinds of finance and understand the venture capital cycle.
● Discuss and assess the suitability of a range of potential funding methods for a particular startup project and critically appraise the final choice.