Summary

In this unit you have reflected on funding. You have considered the importance of funding and how you can raise funds to start your own business. You have also begun to consider the pros and cons of different sources of funding, the uses of different types of funding, and why it is important to have effective cash flow management.

You have learned:

• the meaning of the term ‘funding’

• the opportunities you have to get access to different sources and types of funding for starting a new venture and making it prosper

• the importance of cash flow management

• how to find and select a grant.

Congratulations on completing the unit Sources of funding. We very much hope that you have enjoyed the unit and that the learning experience proves useful and rewarding to you in the future.