Chapter Name: Concepts of financial aspects of a new business
Description:Introduces budgeting, costing, and revenue forecasting.
Purpuse:To develop sound financial strategies for start-ups.
Rational:Encourages financial sustainability from inception.
Chapters Topics
Sources of finance
Introduces the different sources of finance available to new businesses, such as personal savings, loans, venture capital, crowdfunding, and angel investors, along with their advantages and disadvantages.
Financial, strategy, and training needs
Explores the financial planning, strategic goals, and training requirements that new businesses must address to ensure successful operations and growth.
Suretyship for a business
Discusses the concept of suretyship, where a business owner or a third party guarantees the repayment of a loan or debt, and the implications for both the business and the guarantor.
Financial implications and alternatives
Examines the financial implications of various business decisions, such as capital investments, operational costs, and financing options, as well as alternative strategies for managing finances.