Finance a New Venture Online Course | Manage new business finances
This finance a new venture online course equips learners with practical knowledge to source funding and manage financial planning for a new business. Whether you’re an aspiring entrepreneur or part of a start-up support team, this course helps you understand the financial principles needed to launch and sustain a new venture successfully.
About the Finance a New Venture Course
This course focuses on developing core financial skills such as budgeting, forecasting, and securing external funding. You will explore funding sources, financial planning tools, and compliance practices relevant to small businesses and start-ups. The course supports learners aiming to establish solid financial foundations for new businesses. It offers practical strategies for managing start-up costs, creating realistic budgets, and ensuring financial sustainability. It is aligned with training needs identified by the finance and accounting services sector education and training authority for entrepreneurship and small enterprise support roles.
What You Will Learn
- Understanding different funding options for new ventures
- Creating budgets and cash flow forecasts
- Planning for short-term and long-term financial needs
- Managing expenses and start-up capital efficiently
- Navigating financial compliance and reporting requirements
Who Should Enrol
- Learners planning to start their own business
- Entrepreneurs looking for funding and financial planning skills
- Individuals supporting new business development and start-ups
- Anyone needing to understand how to finance a business idea
Assessing the capital needs of a new venture, comparing short-term and long-term funding options available in the finance industry, compiling personal financial statements, understanding the requirements and processes to access selected financing options, and identifying alternative sources to secure finance for a new venture are critical steps in financial planning and securing resources for a new business.
This online course introduces learners to the financial aspects of launching a new business. It covers funding options, budgeting, and essential financial management skills for entrepreneurs and small teams. Learners will be prepared to take on early-stage financial planning confidently and practically.
Course Content
- Funding requirements and capital structure are identified and analysed for the new venture.
- Realistic fixed asset requirements are determined for the new venture.
- Pre-operating costs are identified and calculated to an exact value.
- Monthly operating costs – including a cash flow statement – are compiled for the new venture.
- The financial viability of the proposed new venture is assessed and estimation made of the break-even point.
- An extensive list of financial institutions offering funding for new ventures is compiled with a view to selecting the one best suited to the venture.
- The various funding packages (products) appropriate for a new venture are investigated and compared in terms of own venture needs.
- The cost of the various funding options is compared to determine suitability for own venture’s business structure.
- Short-term and long-term advantages and disadvantages of the various funding options are considered and discussed in context of own business and a decision made as to the most suitable.
- Personal income and expenditure statements are prepared for oneself based on own financial situation over the past year.
- The situations when an assets and liabilities statement is required are listed and an indication is given of the advantages of keeping such records.
- Collateral requirements for accessing funding are identified to determine if they can be met.
- The new venture proposals are assessed in terms of available collateral.
- The information and back-up documentation needed to process application for funding is collected and used to complete the application.
- A financing option is chosen that is consistent with the business plan in terms of profit objectives and return on capital.
- Laws, regulations, rules and procedures covering the provision and use of financial services are observed to ensure compliance.
- The difference between debt (loans) and equity (owner’s capital) is explained with reference to the new venture.
- Problems faced in obtaining finance for the new venture are identified with a view to overcoming them.
- Alternative sources of equity are investigated for the new venture.
- Government and non-governmental schemes for new venture creation are investigated and analysed and an explanation given of their advantages and disadvantages for the new venture.
- The option of leasing as a method of reducing start-up capital is considered for your own venture.
- The repayments and interest rates of the alternative options are considered and compared to those of the financial institutions to make informed decisions.
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
