Ciara Elliott-Compentecy 3 Reflection-FINCB571

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Apr 3, 2024

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1 Competency 3 Reflection Ciara Elliott University Of Phoenix FINCB/571 Daniel Pasternack

2 Competency 3 Reflection We are going to discuss the systematic and unsystematic risk and name three different systematic and unsystematic risk that a company make face. We will also talk about the venture capital and the advantages and disadvantages of using it when startup funding for a business. Systematic and Unsystematic Risk When it comes to systematic and unsystematic risk, they are a part of the business management, systematic risk is when an issue or concern can affect the entire economy and it causes a threat to all businesses. Unsystematic risk is when the risks are towards the business or industry sector. Some of the biggest risk that I think all business took was COVID19, that caused a lot of businesses to lose a lot of money and that caused them to shut down. A lot of people revenue dried up and I would have to say I worked at the County Clerks office at that time and to see how a lot of the county lost money due to certain things that happened during covid 19 and the pandemic we had to make a new approach to help get that revenue back in that particular department. Venture Capital When it comes to venture capital it is an investment in a new or expanding business that can see some type of long-term growth. When you are looking ate the venture capital funding both positive and negatives will come into play, the positive can include helping with risk and leadership. The negative includes reducing the owners take and slow growth. If new or rapidly growing business can see a long term the investment comes in as a capital. The negative funding can reduce the founder’s ownership stake.

3 When it comes to the bakery, it sounds likes it would need more background information on it, but I would advise that they owner tries to look at different ways to get start up cost. They can build a concept that is small and affordable and as the business grows the venture capital can be an option for multiple stores in the future. They will have to learn how to start off smaller and build the business up if they can start in their kitchen and them move to a bigger business it will help them learn their business and help it grow to be able to afford the things to expand. Conclusion Being able to really understand these things and look at how it can help me expand my own business and then to understand how venture capital works and the different things that come with it positive and negative. I think this is so important to learn and know because it will help be beneficial in the long run when it comes to owning and expanding your businesses. I hope that learning all this will help me become the best businesswoman because I have a non-profit business but being able to see the financial side of how I can take it to the next level has been helpful.

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