This assignment is intended to help you learn to:
- Describe the four main financial objectives of entrepreneurial ventures.
- Assess potential sources of financing and/or funding for an entrepreneurial product/service.
Action Items
- Review the four main financial objectives of entrepreneurial ventures in Chapter 8, figure 8.1.
- Create a Word document of 4 pages that addresses the following:
- State which of the four objectives will be your major goal during the first 5 years. Give your rationale for your choice.
- From the ranges below, identify the financial resources you will need to appropriately finance your idea. Explain how you will use these resources.
- $0-$100,000
- $100,000 – $500,000
- $500,000 – $1,000,000
- More than $1,000,000
- Make a list of the non-financial resources you will need to be successful with your idea and whether you have them or not. Explain why you need each resource.
- Analyze the list and explain if there are any “deal-breakers” – critical resources that you need but don’t have and to which you cannot get access. Explain what you would do in response.
- Format your paper in APALinks to an external site. style, ensuring that you’ve properly cited your sources.
- Submit your paper to Turnitin. Your work will automatically be checked by Turnitin.
- No AL used or plargarism
- make sure to write using third person only
- ApA 7th edition formatt make sure there are heading for each topic
- cited all sources used
- I will uploaded the figure for 8.1 from textboobook
Barringer, B. R., & Ireland, R. D. (2018). Entrepreneurship: Successfully Launching New Ventures (6th ed.). Pearson Education (US). https://reader2.yuzu.com/books/9780134797984 how to cite the source the textbook.
- here is another source to used as well website
- https://www.entrepreneur.com/money-finance/how-to-forecast-revenue-and-growth/76418