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Financing Entrepreneurship

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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.

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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.

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