MANAGEMENT

Detailed explanation-1: -Trade Associations-offers technical and general assistance to entrepreneurs in a specific profession or industry.

Detailed explanation-2: -Financial resources can be obtained from a variety of sources, the easiest being from the personal accounts of the company’s founder. Alternatively, loans and lines of credit may be granted from financial institutions, friends and relatives, private investors and even the United States government.

Detailed explanation-3: -Incubators and accelerators are programs and organizations that help startups get established and grow into successful businesses. They provide services and advice about important parts of starting a business, such as funding, workspace, advertising and e-commerce. Many connect entrepreneurs with investors and mentors.

Detailed explanation-4: -Passion helps you set a solid foundation for your business and establish core values. Passion gives you the motivation and confidence that you need to deliver your mission and purpose for what you do and why you do it. Passion helps you network with the right people who share similar perspectives.