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The Digital Economy: Finance for Business Growth

The Digital Economy: Finance for Business Growth

Learn how to develop a funding strategy for your business; explore different types of finance and learn when, and how, to use them

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Course Highlights

  • 12 Modules & Sub-modules

  • Access to this course for 6 weeks

  • Offered by The Open University

Validity: 28 Days

Mode of learning: Online self study

Course Overview

Who should do this course ?
  • This course is intended for those with an interest in developing their financial skills to make robust decisions when managing business finance. The course does not require any previous experience of this subject.

What are the course deliverables ?
  • Assess borrowing requirements and develop a strategy for your business finance needs

  • Assess the risks, benefits and drawbacks of different types of debt

  • Assess and critique finance available to your business, both traditional and newer sources, such as crowd funding

  • Evaluate funding opportunities for business growth and development

  • Apply and consider the role of traditional sources of finance, i.e. debt and equity, as well as alternative finance options, such as crowdfunding and peer-to-peer lending

  • Record and learn to use financial statements to assess the financial health of a business

  • Collect and learn to use a cash flow forecast to help you make decisions about managing business cash

  • Investigate and find out how you can develop a funding strategy and make the right decision about the type of borrowing for your business

More about this course
  • Every business needs cash to grow and develop. Some can find enough cash from their operations. Others might need external sources of finance, like a bank loan. So how does a business make robust decisions about borrowing?Whether you are in a micro business, a small to medium-sized organisation, or a large firm, this online course will guide you through finance options.You will consider traditional and alternative finance options; evaluate what type of funding is suitable for your business; and develop a financial statement and funding strategy, to make the right decision.

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