Week 14 — Paying for Growth: Money, Banking & Financial Management
Welcome to your Week 14 Start Here page.
Why this matters
Whether you ask a bank to fund a food truck or keep a campus bookstore's card sales in an insured account, you will want to know what money does and what borrowing costs.
In plain language
Growing a business takes money, and this week is about where that money comes from and who keeps it safe. You start with money itself (anything people widely accept in trade that also measures prices and holds value for later). Then you meet the banks and credit unions that hold it, the Federal Reserve (the central bank of the United States), and the government insurance that protects bank deposits. Last, you compare the two ways a business pays for growth: debt financing (borrowing and paying it back with interest) and equity financing (selling part of the ownership). You will lay out the coffee cart's choice for a second cart with every number shown and no verdict.
- Already covered: Week 13 read the cart's first year.
- This week: money, banks, and financing.
- How they connect: the statements now fund a decision.
- Where we're going next: Week 15, global business.
Focus
How should a growing business pay for its next step, and what does each way cost?
By the end of this module, you should be able to:
- [ ] name money's three jobs
- [ ] describe the Federal Reserve
- [ ] state deposit insurance correctly
- [ ] compare debt and equity
- [ ] lay out a financing choice
To-do
Plan your week
- Read Chapter 14 (about 50 minutes), then the lecture and slides.
- Work the lecture tutorial (60–90 minutes) and the practice set (about 20 minutes).
- Do the Business Case Workshop (about 90 minutes), the discussion, and the assignment.
- Take the quiz.
This week's checkpoint: price the cart's two offers and read debt-to-equity after each.
You've got this
Take it in order, and ask your instructor if a step snags.
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