Introduction To Entrepreneurial Financing

1. Understand the basics of entrepreneurial finance.
2. Identify various sources of finance available to entrepreneurs.
3. Explain the SME financing landscape in Nigeria.
4. Apply financial frameworks to make informed business decisions.
5. Analyze financial constraints experienced by entrepreneurs.
6. Evaluate the impact of financial market development on entrepreneurship.

13 weeks, about 41 hours in total. Yours will differ.

1. Week 1Module 1:

   • Unit 1: Entrepreneurship An overview · 2 hours

     Define entrepreneurship and its role in production.. Differentiate between entrepreneur, entrepreneurship, enterprise, and small-scale business.. Discuss key concepts like entrepreneurship education and business magnates..

   • Unit 2: Small and Medium Scale Enterprises · 2 hours

     Explain the characteristics and problems of small-scale industries.. Identify sources of finance for SMEs, including owner financing and loans.. Discuss government measures to support SMEs..

2. Week 2Module 1:

   • Unit 3: The Financing of SMEs Business in Nigeria · 2 hours

     Review past efforts to finance small businesses in Nigeria through NDE and World Bank schemes.. Evaluate current efforts like SMEDAN and SMEEIS.. Understand microcredit and donor support to SMEs..

   • Unit 4: Evolution of Entrepreneurship · 2 hours

     Define entrepreneurship and intrapreneurship.. Discuss the need for intrapreneurship in organizations.. Differentiate between entrepreneur, intrapreneur, and technopreneur..

3. Week 3Module 1:

   • Unit 5: Private Equity · 3 hours

     Explain private equity in Nigeria and its benefits.. Analyze key considerations for selecting a private equity firm.. Discuss tax incentive schemes for investments in unlisted companies..

4. Week 4Module 2:

   • Unit6: Venture Capital · 3 hours

     Define venture capital and its characteristics.. Understand patterns of VC investment and the roles of firms and funds.. Explain the financing of startup companies..

5. Week 5Module 2:

   • Unit7: Financing constraints and entrepreneurship · 3 hours

     Discuss the relationship between financial market development and entrepreneurship.. Explain the impact of personal wealth on entrepreneurship.. Understand how financial constraints affect new business creation..

6. Week 6Module 2:

   • Unit8: Entrepreneurial Process · 3 hours

     Describe the entrepreneurial process: developing opportunities, gathering resources, and managing operations.. Identify entrepreneurial traits and characteristics.. Understand the risks and rewards associated with entrepreneurial ventures..

7. Week 7Module 2:

   • Unit9: Sources of entrepreneurial opportunities · 3 hours

     Identify megatrend categories of entrepreneurial opportunities.. Discuss societal, demographic, and technological changes that create opportunities.. Explore sources of entrepreneurial opportunities in Nigeria..

8. Week 8Module 2:

   • Unit 10: Entrepreneurial Development · 3 hours

     Discuss the concept and context of entrepreneurial development.. Explain the evolution, frontiers, divergence, and stagnation of entrepreneurship.. Describe alternative approaches to entrepreneurial development..

9. Week 9Module 3:

   • Unit 11: Characteristics, types and functions of entrepreneurs · 3 hours

     List and discuss the characteristics of entrepreneurs.. Classify entrepreneurs by type (social, serial, lifestyle).. Enumerate and explain the functions of entrepreneurs..

10. Week 10Module 3:

    • Unit 12: Relationship between finance and the overall operations of an organization · 3 hours

      Discuss the aims of finance functions.. Explain the relationship between finance and overall operations of an organization (operations, marketing, HR)..

11. Week 11Module 3:

    • Unit 13: Sources of finance: Short-term sources · 3 hours

      Classify sources of funds for a firm into short-term and long-term.. List and discuss short-term sources of funds (bank overdraft, accounts payable, etc.).. Evaluate the costs of funds for trade credit and bank overdraft..

12. Week 12Module 3:

    • Unit 14: Sources of finance: Long-term sources · 3 hours

      Identify and discuss long-term sources of funds (financial institutions, capital market).. Explain methods of issuing instruments of debt (prospectus, offer for sale, etc.)..

13. Week 13Module 3:

    • Unit 15: Entrepreneurial Theories · 3 hours

      Understand theoretical frameworks in entrepreneurship.. Discuss entrepreneurship as an interdisciplinary field.. Understand inter-linkages existing among various disciplines and their contributions..