Required Resources

Text

Glackin, C., & Mariotti, S. (2020). Entrepreneurship: Starting and operating a small business (5th ed.). Pearson.

· Unit 3: Show Me the Money: Finding, Securing, And Managing It

· Chapter 7: Understanding and Managing Start-Up, Fixed, and Variable Costs

· Chapter 8: Using Financial Statement to Guide a Business

· Chapter 9: Cash Flow and Taxes

· Chapter 10: Financing Strategy and Tactics

· The full-text version of this ebook is available through your online classroom. This book is a comprehensive text on entrepreneurship in small companies and how to start and run a business. Chapters 7 through 10 discuss how to manage a start-up business and the financial costs associated with it. These chapters will assist you in your Funding Sources discussion forum, Balance Sheet discussion forum, and Financial Concepts Evaluation assignment this week.

Multimedia

Rhoton, D. W. [Brother Rhoton]. (2015, September 11). Introduction to financial statements (Links to an external site.) [Video]. YouTube. https://youtu.be/4sGEtZcLdx8

· This video provides information about the layout and purpose of financial statements and why the statements are required and will assist you in your Financial Concepts Evaluation assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

Recommended Resources

Books

Benjamin, G. A., & Margulis, J. B. (2005). Angel capital: How to raise early-stage private equity financing . Wiley.

· The full-text version of this ebook is available through the Ebook Central database in the Ashford University Library. This book provides information about raising capital for entrepreneurs and may assist you in your Funding Sources discussion forum this week.

Chishti, S., & Barberis, J. (2016). The fintech book: The financial technology handbook for investors, entrepreneurs and visionaries . Wiley.

· The full-text version of this ebook is available through the Ebook Central database in the Ashford University Library. This book provides information about raising capital for entrepreneurs and may assist you in your Financial Concepts Evaluation assignment this week.

Green, C. H. (2014). Banker’s guide to new small business finance: Venture deals, crowdfunding, private equity, and technology . Wiley.

· The full-text version of this ebook is available through the Ebook Central database in the Ashford University Library. This book provides information about raising capital for entrepreneurs and may assist you in your Funding Sources discussion forum this week.

Articles

Berman, E. (2018). Welcoming small business: When it comes to startups and entrepreneurial ventures, credit unions are discovering a demand for business funding . Georgia Trend, 33(9), 60–64.

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides information about raising capital for entrepreneurs and may assist you in your Funding Sources discussion forum this week.

Saulsbery, G. (2019, May 6). Finding funding: Why small businesses are leaning on fintech more than ever . NJBIZ, 32(18), 16–17.

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides information about raising capital for entrepreneurs and may assist you in your Funding Sources discussion forum this week.

Instruction

Prior to beginning work on this discussion forum, read Unit 3: Securing Capital from the course textbook Entrepreneurship: Starting and Operating a Small Business . Frame your reading with the view that obtaining financing for a new business depends on a mix of personal and business factors. For example, people uncomfortable with debt are likely to prefer equity financing rather than debt financing. Of course, personal preferences are affected by business factors. For example, those offering equity funding do not fund all business offerings and debt, or bootstrapping might be the only options available.

Review the funding sources listed in Exhibit 10-3 in the course textbook Entrepreneurship: Starting and Operating a Small Business . Assess your personal feelings about independent funding, debt funding, and equity funding. Select one source of funding sources listed in Exhibit 10-3 and then do the following:

· Justify your choice in terms of your personal feelings about sources of funding.

· Critique the responses offered by three colleagues and offer at least one business condition that will affect the colleague’s access to the preferred choice of funding. For example, if a colleague prefers debt financing from a bank, what is at least one business factor affecting the bank’s approval or denial of the loan your colleague must consider?

Offer a link to a video or an article that offers information about your preferred source of funding with an emphasis on the risks and rewards associated with the funding source. Think beyond the text. For example, offering friends and family an equity interest in a new business instead of debt has implications if the business fails. If bankruptcy occurs and assets are liquidated, creditors receive payment ahead of shareholders. How does this information affect your views about seeking funding assistance from friends and family?