Description
- Briefly describe the main sources of finance for a new venture.
- Determine how much capital would be required to start your venture and the most likely source of this capital.
- Describe how you might use a crowdsourcing site (such as kickstarter) as part of your financing approach. Discuss the advantages and disadvantages of using this financing method.
- Write a brief pitch for your idea and note what pictures would enhance your message. Provide examples of rewards you might offer backers.
- According to Dutta and Folta (2016) what is the difference between venture capitalists and angel investors on firm innovation rates and innovation impacts? How do they explain these results?
- Prepare a summary three year profit and loss account and balance sheet for your enterprise (this should be embedded into your Word document as a table or a picture).
- List the key assumptions you have made in your plan and link to at least one external source of information to justify your assumption.
- Briefly describe the four possible methods of business valuation, and use one of these methods to value your business at the end of year 3
All the work must be original
Turnitin report is required
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Explanation & Answer
Hey buddy, am done with the work. I will post the turnitin report in a short while. Thanks for the opportunity, and nice time😎
Running head: ACCOUNTING
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Running head: ACCOUNTING
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1. Main sources of finance for a new venture
a) The individual: this source of finance comes from personal savings, credit cards, sales of
assets and personal loans
b) Family and friends: this group of people offer their assistance through direct contribution
of capital for the business
c) Banks: they offer loan for the business based on financial records of the entrepreneur.
d) Incubators: this are businesses that mold ideas from inception all the way to early-round
financing.
e) Angels: these are wealthy individuals who have expansive knowledge about that
particular industry, and who are willing to risk their resources yet expect high returns in
the end.
f) Corporations: this are big companies which are willing to invest in other companies in
order to get returns.
2. Amount of capital needed for the venture
The business idea here is Nature Photography. Init...