Organizations raise their funding in a number of ways including borrowing money (debt), selling ownership shares (equity), and retaining earnings (profits). At the beginning of its lifecycle, organizations typically have a variety of startup costs including both startup expenses and startup assets. To pay for these, various financing options may be considered and depend largely on specific details such as the kind of business it is, its age, its performance, and market opportunities. When determining the most appropriate financing option(s) for your business/non-profit, it is important to consider the details of your organization and determine which option is the best fit for your specific situation.
Following what you’ve written so far, answer the following question as it relates to your personal business venture:
Where will you go to raise the capital required to finance you new venture?
What information will they need to make a decision whether or not to give you the funds?
How will you use the funds?
Use what you have learned on funding opportunities to answer these questions in narrative form. Again, your response to the above questions should be between a total of 400-600 words. You will be graded on accuracy of content/concepts used, feasibility, and finally the organization and presentation of the writing. Please refer to the rubric posted on Canvas for more detail on grading.
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