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ENT706

Start Up Funding

This course introduces students to start-up funding, preparing them to effectively utilize advisors and mentors. It covers negotiating relationships with funding sources, including venture capital. Students interact with founders, producers, innovators, and venture capitalists, developing business feasibility studies and plans. The course explores entrepreneurial practices, start-up challenges, and funding techniques, enhancing students' ability to achieve their career goals through practical experience and case presentations.

About this course

Difficulty
Intermediate
Study hours
208 hours
Maths
Basic
Content
Theoretical, practical, case study
Practical work
Yes
How it is assessed
  • Assignments
  • Tutor marked assessments
  • Final examination

One paragraph, so you can see how it reads

ENT706 · UNIT 1 CORE ISSUES BEFORE STARTING

In this unit, we shall illustrate issues before starting any investment innovation creativities new ventures that will provide answer or solutions to the following questions – what is my product?

What you should be able to do

  1. Develop effective business plans for start-up funding.
  2. Evaluate the feasibility of new business ventures.
  3. Negotiate funding relationships with venture capitalists.
  4. Analyze financial statements and manage cash flow.
  5. Apply strategies for business expansion and diversification.

What it prepares you for

Careers
  • Entrepreneur
  • Business Analyst
  • Venture Capitalist
  • Financial Manager
  • Business Development Manager
Where it is applied
  • Finance
  • Technology
  • Manufacturing
  • Retail
  • Service Industries

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • Module 3: Financial Planning

    Unit 10: Cash Flow Statement (Budget)

    Requires a solid understanding of accounting principles and financial analysis techniques, which may be challenging for students without a strong financial background.

  • Module 4: Business Expansion

    Unit 14: Expanding and diversifying small enterprise

    Requires understanding of complex market dynamics and strategic decision-making, including assessing risks and opportunities associated with diversification.

A suggested way through it

Suggested

13 weeks, about 54 hours in total. Yours will differ.

  1. Week 1Module 1: Introduction
    • Unit 1: Core Issues Before Starting · 3 hours

      Understand the core issues entrepreneurs must consider before starting a venture.. Identify potential products and services that meet market needs.. Analyze the competitive landscape and pricing strategies..

    • Unit 2: Checklist for Starting A New Venture · 3 hours

      Review the checklist for starting a new venture, including self-analysis and personal conditions.. Assess personal skills and experience needed for success.. Identify a business niche and determine the feasibility of your idea..

  2. Week 2Module 1: Introduction
    • Unit 3: Planning Your Start-Up · 4 hours

      Plan your start-up, considering legal structures and necessary licenses.. Learn how to protect your business through security and insurance.. Understand the importance of merchandise and business records..

  3. Week 3Module 2: Business Planning
    • Unit 4: Feasibility Study Template · 4 hours

      Understand the components of a feasibility study template, including the executive summary.. Describe products and services, technology considerations, and the product/service marketplace.. Develop a marketing strategy and organizational staffing plan..

  4. Week 4Module 2: Business Planning
    • Unit 5: Business Feasibility Study Template · 4 hours

      Learn how to create a business feasibility study template.. Assess finances, capital requirements, and start-up expenses.. Conduct market research and analyze the competition..

  5. Week 5Module 2: Business Planning
    • Unit 6: Sample (B) Of A Business Plan Outline · 4 hours

      Review a sample business plan outline (B), focusing on management and record keeping.. Create a competitor profile worksheet and determine the timing of market entry.. Summarize financial needs and understand the use of funds..

  6. Week 6Module 2: Business Planning
    • Unit 7: Sample (C) Of A Business Plan Outline · 4 hours

      Examine a sample business plan outline (C), including personnel details and business information.. Analyze business status, equipment list, and asset list.. Develop a management plan and understand loan information and SWOT analysis..

  7. Week 7Module 2: Business Planning
    • Unit 8: Sample (D) Of A Business Plan Outline · 4 hours

      Study a sample business plan outline (D), focusing on personal details and business information.. Analyze equipment list, working capital, and product/services.. Conduct competition analysis and create a management plan and SWOT analysis..

  8. Week 8Module 3: Financial Planning
    • Unit 9: The Business Plan and Financial Worksheets · 4 hours

      Understand the importance of a business plan and financial worksheets.. Learn how to structure a business plan effectively.. Review a sample business plan outline..

  9. Week 9Module 3: Financial Planning
    • Unit 10: Cash Flow Statement (Budget) · 4 hours

      Create a cash flow statement (budget) and understand its components.. Learn how to complete a cash flow statement.. Identify sources of information for financial planning..

  10. Week 10Module 3: Financial Planning
    • Unit 11: Income Statement · 4 hours

      Understand the purpose and format of an income statement.. Learn how to prepare a profit and loss statement.. Analyze financial activity over a period of time..

  11. Week 11Module 3: Financial Planning
    • Unit 12: Business Financial History · 4 hours

      Understand the components of a business financial history.. Identify the information needed and its sources.. Summarize financial documents for loan applications..

  12. Week 12Module 4: Business Expansion
    • Unit 13: Issues on Access to Finances Business Expansion · 4 hours

      Explore issues related to accessing finances for business expansion.. Understand the seven deadly sins of being small and their impact on funding.. Identify why firms seek financial accommodation and potential solutions..

  13. Week 13Module 4: Business Expansion
    • Unit 14: Expanding and diversifying small enterprise · 4 hours

      Learn techniques for expanding and diversifying small enterprises.. Understand the need for diversification and its advantages and disadvantages.. Explore factors influencing expansion and the expansion procedure..

Preparing for the exam

What to do
  • Review all Business Plan samples (Units 6-8) and identify key components.
  • Practice creating cash flow statements and income statements (Units 10-11) using sample data.
  • Focus on understanding the seven deadly sins of being small (Unit 13) and how to overcome them.
  • Create concept maps linking market analysis (Units 1-5) to marketing strategies (Unit 9).
  • Practice SWOT analysis for different business scenarios (Units 7-8 and 14).
  • Allocate study time evenly across all modules, but prioritize financial planning (Module 3) and business expansion (Module 4).
  • Use case studies from the course material to apply theoretical concepts to real-world situations.
  • Attend all tutorial sessions and clarify any doubts regarding financial statements and business planning.
  • Review all Tutor Marked Assignments (TMAs) and focus on areas where you received lower scores.
  • Create flashcards for key terms and definitions related to start-up funding and financial management.

Questions students ask about this course

What is ENT706 about?

This course introduces students to start-up funding, preparing them to effectively utilize advisors and mentors. It covers negotiating relationships with funding sources, including venture capital. Students interact with founders, producers, innovators, and venture capitalists, developing business feasibility studies and plans. The course explores entrepreneurial practices, start-up challenges, and funding techniques, enhancing students' ability to achieve their career goals through practical experience and case presentations.

How many units does ENT706 have?

ENT706, Start Up Funding, has 13 units across 1 module, over 127 pages of course material. You can read it one unit at a time.

How many credit units is ENT706?

ENT706 carries 2 credit units, at 700 level in Management Sciences.

Is ENT706 hard?

ENT706 is rated intermediate level, with basic mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.

How long does ENT706 take to study?

About 208 hours of study, spread across its 13 units.

How is ENT706 assessed?

ENT706 is assessed by assignments, tutor marked assessments and final examination.

What can I do with ENT706?

Entrepreneur, Business Analyst, Venture Capitalist, Financial Manager and Business Development Manager.

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