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Financing Entrepreneurship

One of the primary reasons that firms fail is inadequate financial resources. Knowing this, what steps should an entrepreneur take to obtain and maintain adequate resources? What is more important -- obtaining or maintaining financial resources? Why?
Please include a reference so that I can expand on this topic. Thank you

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One very important step that an entrepreneur should take to obtain and maintain adequate resources is to maintain a very high credit rating, and to establish a line of credit with a very good banking institution. This will enable an entrepreneur to obtain a business start-up loan with very reasonable payment options, and at a lower interest rate. This ...

Solution Summary

This solution describes key aspects involved with financing entrepreneurial activities.