Start Up Funding
- Management Sciences
- 700 level
- 2 credit units
- 127 pages
- 13 units
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
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ENT706, taken from the course material NOUN publishes.
- UNIT 1 CORE ISSUES BEFORE STARTINGPage 12
- UNIT 2 CHECKLIST FOR STARTING A NEW VENTUREPage 17
- UNIT 3 PLANNING YOUR START-UPPage 24
- UNIT 4 FEASIBILITY STUDY TEMPLATEPage 31
- UNIT 5 BUSINESS FEASIBILITY STUDY TEMPLATEPage 39
- UNIT 6 SAMPLE (B) OF A BUSINESS PLAN OUTLINEPage 53
- UNIT 7 SAMPLE (C) OF A BUSINESS PLAN OUTLINEPage 64
- UNIT 8 SAMPLE (D) OF A BUSINESS PLAN OUTLINEPage 71
- UNIT 9 THE BUSINESS PLAN AND FINANCIAL WORKSHEETSPage 80
- UNIT 10 CASH FLOW STATEMENT (BUDGET)Page 90
- UNIT 11: INCOME STATEMENTSPage 98
- UNIT 12 BUSINESS FINANCIAL HISTORYPage 103
- UNIT 13 ISSUES ON ACCESS TO FINANCES BUSINESS EXPANSIONPage 107
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
- Develop effective business plans for start-up funding.
- Evaluate the feasibility of new business ventures.
- Negotiate funding relationships with venture capitalists.
- Analyze financial statements and manage cash flow.
- Apply strategies for business expansion and diversification.
What it prepares you for
- Entrepreneur
- Business Analyst
- Venture Capitalist
- Financial Manager
- Business Development Manager
- 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
13 weeks, about 54 hours in total. Yours will differ.
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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..
- 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
- 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.