One of the biggest challenges and frustrations for start-ups is to find the capital needed to get up and running. Where do you get the money? Bootstrapping? Borrowing from friends and family?
Do you approach a bank for the cash you need for the early stages of your business? In the financing episode, the different options available to start-ups are discussed. Also how Banks deal with loan applicants is a major aspect to be considered.
This program will equip the understudies to know what is expected from a financial institution before approaching them for financing and being prepared with all the required information when asked for it. Half of all business loans are rejected.
Banks are looking for you to be as financially committed as you expect them to be
Banks need to see revenues and profit streams before they will even consider financing
Just because you think you have a great business idea doesn’t mean that the bank is going to agree.
While considering a loan application we have to have understanding of business plan and Sources of equity for the business etc.
While studying the course ‘Financing Your Small Business’, understudy will come to learn about the following topics:
Information a Bank wants from you
Lines of credit
What banks do and do not finance
What do you do if the bank says no
The role of Government secured Small Business Loans
Well in form of Real World Entrepreneur Training videos the content distribution will include;
Segments per Episode
Entrepreneur Summary & Lessons Learned
Willingness to widen your knowledge about sources of business finance.
Ability to develop the professional skills a businessman requires.
A good understanding of English.
WHAT THE STUDENT GETS
Content in form of videos.
The ability to derive and analyze the business finance sources.
Offers frameworks for understanding key topics in acquiring funds for the business.
Focuses on explanations of concepts like owned and borrowed funds, financial institution rules etc.