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Your funding options
Overview
Funding your business at the lowest total cost is a core responsibility of any business owner.
This module provides you with a framework to determine the requirements of your business, and enable you to consider the options available for funding them. Small-business owners must ensure that they have a clear vision and plan for uses of all funds.
This module introduces the different internal and external funding options, and the concepts of financial forecasts and modelling which are an important step in the funding process. It also highlights other considerations that businesses should explore when assessing their funding requirements such as business life stage, risk appetite, owner ambitions and growth plans.
Key Topics
- Sources and uses of funds
- Identifying funding uses
- Identifying funding sources
- How cost effective are your funding arrangements?
This course consists of one online course and one online assessment.
This module is one of a series within the Strategy component of the My Firm. My Future. Framework. It is designed to complement other learning modules in the My Firm. My Future. suite.
What you'll learn
- Define an overall approach to the funding needs of your business.
- Review the funding arrangements that are in place to ensure that the most appropriate and cost-effective forms of finance are being used.
Who is this for ?
This course is suitable for SME business owners and accountants advising business owner clients.
