, MNE3701 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 27 September 2024 ; 100%
TRUSTED Complete, trusted solutions and explanations.
Having acquired sufficient knowledge and skills on financial
management for small business, you must demonstrate practical
competencies in constructing financial statements and in
conducting feasible financial forecasting. As a new entrepreneur
understanding financial management and accounting, forms an
integral part of running your small business. In addition, you
should also be able to forecast the financial outcomes that could
result from your decision. The projections of business’s profits,
its assets and financial requirements, and its cash flows are
essential in determining whether your business is economically
viable. Having acquired sufficient knowledge and skills on
entrepreneurship and small business management, you must
demonstrate practical competencies in financing the financial or
capital needs of your business, building customer relationships,
developing the product and managing the supply chain of your
the business. Think of any business you would like to start and
answer the following questions: QUESTION 1 With reference to
practical examples, critically discuss how you would finance
your business. Motivate why you choose specific ways of
financing over others. (10)
Financing Your Business: Critical Discussion
Introduction