Module 6. Financial Planning
The main contents of the module are:
- Purpose and benefits of a financial planning
- Financial planning types
- Preparation and basic elements of a financial planning
- Alternative financial sources and crowdfunding case study: Arıkovanı sample.
Overview: The goal of this module is for young entrepreneurs to be able to understand the importance of preparing a well-designed financial plan to help them run their business with a more cohesive vision.
Duration: This module is designed to be completed in approximately 300 minutes (5 hours).
Learning outcomes: By the end of this module, young entrepreneurs will be able to prepare a financial plan for their venture and understand financial sources. The primary purpose of a financial plan is to define what the finance is or what it intends to be over time. By putting statistics, facts, figures and detailed plans in writing, young entrepreneurs will have a better chance of attracting investors to provide the capital needed for getting started. They will also learn about alternative financial sources a hands-on tool that fosters understanding, discussion, creativity, and analysis of a financial activities, cost and benefit analysis. Additional hour is needed to implement crowdfunding case study of Arikovani. After covering the content of the module you will ask them to develop their own financing plan and alternative financial source concepts for their financing ideas. Module will conclude with a discussion about their work results.
Keep in mind…
When studying the case of the Arikovani Crowdfunding, you can print out templates of the Crowdfunding, angel investors and other types of financial support and distribute them to entrepreneurs, together with colorful post it notes, so they can follow the case and learn how to implement this methodology for their financial ideas.
Templates can be downloaded here: https://arikovani.com/en/about
A very good source for help with preparing a financial plan (templates, financial tables, etc.) is the website of https://www.bilgeyatirimci.com/
- Lectures 8
- Quizzes 0
- Skill level All levels
- Language English
- Students 1
- Certificate Yes
- Assessments Yes