MGT 4113 : MGT 4113 Exam 2 Study Guide 2
Document Summary
Financing your start-up business can prove to be one of the most stressful times in actually getting your business off the ground. There are few businesses that can be started with little or no money. The fact is that you must have some sort of financing in place in order to launch your business. This section is designed to outline the different financing options and to discuss the pros and cons of each option. Below is a list of the major financing options that most entrepreneurs have to choose from: bootstrapping personal savings, credit cards, and other forms of personal funds, friends and family, grants, debt financing, angel investors, venture capital. Let"s dig into each of these areas a little further. Bootstrapping is one of the most common methods used to finance a new business. This is where an entrepreneur uses his/her own funds to finance their business.
