This three-part project will give students the chance to test their knowledge and apply it to real-life business situations. After students complete a short financial exam, they’ll be asked to take all the activity worksheets in this section, and compile it into a financial plan.

Take this financial exam

Gather the handout you received in this course

• Financial Terms Cheat Sheet

Narrow down two types of financing options that you would consider for your business, and make a list of pros and cons for each type based on your business model and situation.

Explore both options by speaking with an outside resource who has expertise in these financing options. Possible mentors include:

• Financial consultant
• Nonprofit organization
• Crowdfunding organization

Put a pen to paper and create a financial plan, which includes the following items (1pt each):

• Startup costs
• Day-to-day operational costs
• Department budgets
• Potential revenue and profit for 3 years
• Employee salary
• Accounting and bookkeeping

Grade your financial exam here