MGMT20140: Reflective Template on Fundraising and Business

This assignment is a reflective template analyzing entrepreneurial activities, specifically focusing on fundraising and business models. The student reflects on the different ways entrepreneurs obtain funding, both internally and externally, highlighting the use of retained earnings and the associated risk-taking behavior. The activity involved understanding the challenges in setting time frames for business plans and the impact of the activity on the student's perspective towards entrepreneurs. The student learned about various funding sources and different business models used for growth. The student plans to improve skills in identifying resource origins and compiling budgets for research. Academic references are provided, citing sources related to fundraising and crowdfunding.

MGMT20140: Simple Reflective Template Template number:
Name and student ID:
Activity/experience Description:
From this module I have known the different fundraising ways
entrepreneurs uses for establishing their business. I gained knowledge
about the different ways of obtaining fund both internally and
externally.
Date of the
activity/experience:
Thoughts and Feelings DURING the activity:
During the activity I was very astonished to know that earnings that are retained from long time
are used as fund by the entrepreneurs, this has given me idea how far an entrepreneur can walk
to run his business in a proper manner to achieve the desired goals. I had mixed feelings during
the activity since I was very confused because it was very difficult to set time framing for the plan.
Thoughts and Feelings AFTER the activity:
After the activity completed I was very to happy that I participated in the activity since I was not
being able to grasp what are the main activities I am supposed to do. This activity has impacted
by way of thinking towards the entrepreneurs.
What can you learn from this activity?
Firms can achieve funds from internal or external source this I have learnt from this activity. By
utilizing retained earning entrepreneurs are reinvesting their profit but whether this investment can
incur profit for them is uncertain, thus I came to know the about the risk taking behaviour of the
entrepreneurs. I have also learned about different business models that the firms uses for
achieving growth in their business
What can you do to develop yourself further in the context of this activity?
I want to develop my skills so that I can identify the resource origins that are required for starting a
business correctly as this identification needed involved various steps. I am also planning to pull
together all budgets that are required for my research.
Academic Reference to link this to theory
Garland, R. (2015). Large Firms Pushed US Fundraising to $143.30 B in the First Half. The
Private Equity Analyst.
Bouncken, R. B., Komorek, M., & Kraus, S. (2015). Crowdfunding: The current state of research.
The International Business & Economics Research Journal (Online), 14(3), 407.