MODULE 2.2: Financial Literacy & BMC
Summary and objectives
The module explains the importance of understanding basic financial terms (financial literacy) and specifically teaches what is important when creating a budget, including short- and long-range as well as income statement and balance sheet budgeting).
The module continues through generally defining the main initial funding options for early stage entrepreneurs focused on borrowing.
The module extends through describing the Business Model Canvas (BMC) and explaining how to use it to create an internal and external overview.
Expected learning outcomes
- Understand basic (but important) financial terms
- Understand the Business Model Canvas
- Create your own Business model Canvass