BABH9702 – New Venture Development

Individual Assignment #2 This assignment is to be undertaken by students individually. It is not a group assignment. Your essay should be no more than three pages in length (typed, double-spaced text, 12-point font). The page limit does not include your title page or a page with your references. Prepare your assignments with care and pride. Ideas should be expressed using full sentences. An introductory paragraph at the start of the assignment and a concluding paragraph at the end are advisable; they will ensure that the assignment does not start and end abruptly. Do proofread your work before submission. Remember to number the pages. Students experiencing circumstances that may require special consideration should speak with the course instructor well in advance of the due date. Please contact me should you have questions or concerns.

Make sure you answer the question that is asked. It is important that you read the instructions. Have you answered the question posed to you? Is your assignment an organized collection of ideas? Does it demonstrate that you have undertaken some critical and creative thinking? Have you used clear, well-chosen examples? Is the assignment well written and properly formatted? If you cite other sources, are those sources properly referenced? Explain one means by which entrepreneurs can finance their business enterprises. Select one of the following:

(1) bootstrap financing

(2) obtaining capital from a bank or a similar financial institution

(3) crowdfunding or (4) courting angel investors. Carefully define the means of financing you have selected. What are the benefits and drawbacks of the approach or method you have selected? Good starting points for this essay would be pages 212 to 230 and pages 236 to 237 of the textbook (Good & Mayhew, 2017).