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
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 ...
This solution describes key aspects involved with financing entrepreneurial activities.
Financing and entrepreneurship
Utilizing references, please help me explain the following
1. The steps taken to determine which financing alternatives to pursue.
2. The advantages and disadvantages of:
a. Corporate venture capital
b. Private venture capital
c. Angel financing
d. Debt financing
3. Explain which stage in the entrepreneurial process where equity financing and debt financing are most appropriate.View Full Posting Details