Introduction: When designing your business plan, you may consider different sources of funding – debt or equity, short-term or long-term. There are pros, cons, and risks of each source of funding to consider. A key component of business planning requires identification for possible sources of funding for your business plan and their associated costs
Step 1: Examine the film / Introduction
Begin with an introductory paragraph that describes what a business plan is and why it important for every business to have one.
Step 2: Research and Write Essay Content
Research and review from the course readings and external sources.
Explain the pros and cons, advantages and disadvantages, and risk factors of financing your business to include:
Debt (borrowing the money from banks, friends, and family)
Equity (sharing ownership with private and/or public investors, as with stock offerings)
Costs associated with your possible sources
Risks associated with your possible sources
Step 3: Conclusion Summary
For the conclusion paragraph summarize what you have learned about possible business funding sources. State your preference of financing (Debt, Equity, or combination thereof) if you were to start or extend a business venture.
