Introduction to entrepreneurship/IENT103/Financing/Tasks

1. Review the financial statements you prepared for the previous learning challenge
2. Identify the purpose(s) you will need funding for.
3. Search the web and use the Resource Bank to identify potential funding sources.
4. Create a list of 10 funders you feel would be likely to provide funding for your start-up venture.
5. Prioritise the list, giving reasons why each funder is a good fit.

(: SW - a couple of suggestions:

• I think we need to distinguish more clearly between generic funding types and specific funders - 'potential funding sources' is a bit ambiguous. So, we could clarify what the resource bank activity is covering (see notes on that page) and we could add another step before creating the list of funders: 'identify the types of funding (e.g. bank loan, crowd-sourcing, venture capital etc.) that are most appropriate for your business and briefly state your reasons.'
• Should we go for depth rather than width? Ask them for 5 potential funders, with 75-100 words to explain why it is a good fit? In some countries/circumstances, it might be hard to find as many as 10, and it is probably better to get them to think more deeply about what is important to look for in a funder.)