INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A bank
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A personal savings account
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A shark
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A friend
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Detailed explanation-1: -Funding from personal savings is the most common type of funding for small businesses. The two issues with this type of funding are 1) how much personal savings you have and 2) how much personal savings are you willing to risk.
Detailed explanation-2: -Bootstrapping is founding and running a company using only personal finances or operating revenue. This form of financing allows the entrepreneur to maintain more control, but it also can increase financial strain.
Detailed explanation-3: -Determine how much funding you’ll need. Fund your business yourself with self-funding. Get venture capital from investors. Use crowdfunding to fund your business. Get a small business loan. Use Lender Match to find lenders who offer SBA-guaranteed loans. SBA investment programs.