Manage finances for a new venture

Finance a new venture

Turn your business idea into a reality by learning how to plan, secure, and manage the funding needed to launch and grow your venture. This course is perfect for aspiring entrepreneurs, small business owners, freelancers, and side hustle creators who want to understand business finance without needing a background in accounting or economics.

Starting a business requires more than just a great idea—it needs clear financial planning and access to the right funding. In this course, you’ll explore different financing options and learn how to build a solid financial foundation for your venture.

You will learn how to:

  • Choose the right type of funding for your business

  • Plan your finances for short- and long-term needs

  • Manage your cash flow and expenses wisely

  • Build confidence in presenting your business to funders

  • Create realistic financial goals and track progress

This course gives you the financial tools to launch with confidence, avoid common money mistakes, and build a venture that’s designed to last.

This unit standard is intended for learners who must make decisions and recommendations about financing options for a new venture. The qualifying learner will be able to determine the capital requirements of the new venture. Identify and compare all short-term and long-term funding options and services the finance industry offers for new ventures. Compile personal income and expenditure and assets and liabilities statements. Identify the requirements and processes to access the selected financing option for the new venture. Identify alternative sources to secure finance for a new venture.

Course Content

  • Funding requirements and capital structure are identified and analysed for the new venture.
  • Realistic fixed asset requirements are determined for the new venture.
  • Pre-operating costs are identified and calculated to an exact value.
  • Monthly operating costs – including a cash flow statement – are compiled for the new venture.
  • The financial viability of the proposed new venture is assessed and estimation made of the break-even point.
  • An extensive list of financial institutions offering funding for new ventures is compiled with a view to selecting the one best suited to the venture.
  • The various funding packages (products) appropriate for a new venture are investigated and compared in terms of own venture needs.
  • The cost of the various funding options is compared to determine suitability for own venture’s business structure.
  • Short-term and long-term advantages and disadvantages of the various funding options are considered and discussed in context of own business and a decision made as to the most suitable.
  • Personal income and expenditure statements are prepared for oneself based on own financial situation over the past year.
  • The situations when an assets and liabilities statement is required are listed and an indication is given of the advantages of keeping such records.
  • Collateral requirements for accessing funding are identified to determine if they can be met.
  • The new venture proposals are assessed in terms of available collateral.
  • The information and back-up documentation needed to process application for funding is collected and used to complete the application.
  • A financing option is chosen that is consistent with the business plan in terms of profit objectives and return on capital.
  • Laws, regulations, rules and procedures covering the provision and use of financial services are observed to ensure compliance.
  • The difference between debt (loans) and equity (owner’s capital) is explained with reference to the new venture.
  • Problems faced in obtaining finance for the new venture are identified with a view to overcoming them.
  • Alternative sources of equity are investigated for the new venture.
  • Government and non-governmental schemes for new venture creation are investigated and analysed and an explanation given of their advantages and disadvantages for the new venture.
  • The option of leasing as a method of reducing start-up capital is considered for your own venture.
  • The repayments and interest rates of the alternative options are considered and compared to those of the financial institutions to make informed decisions.
  • Non-accredited: Short course only  
  • Duration: 1h 30m
  • Delivery: Classroom/Online/Blended
  • Access Period: 12 Months 
Scroll to Top