Purpose of Assignment:
The purpose of this assignment is for students to access the U.S. Small Business Administration (SBA) website for the purpose of discovering various sources of financing for their proposed business. Also, the mix of equity and debt financing should be considered. Students will also grasp the single most important thing about managing to maximize firm value which is to pursue excellence in the creation, production, and delivery of the firm’s products and/or services.
Assignment Steps:
Resource: The U.S. Small Business Administration (SBA) website is perhaps the most valuable resource for any new entrepreneur in America for all aspects of starting, operating, and growing a business, and it would help the students in this class to use it like a handbook. It is especially useful in learning more about financing a business and obtaining a loan.
Assess stages of financing in a minimum 1,200 words which includes the following:
How can the SBA website help with financing (use the SBA website).
What resources does the SBA website provide to the entrepreneur.
Explain the different stages of financing (this is different than sources).
Analyze sources of financing through the life cycle of a firm.
Assess the trade-offs between debt and equity financing for an entrepreneur.
