1. How does bootstrap financing fit into the strategic plan of a new venture?
2. For what kind of business would soliciting private venture capital be a logical financial strategy for growth? Why?
This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.
1. Bootstrap financing refers to the strategy of using the businesses’ resources as few as possible and relying on the resources of other people to the extent feasible. It is concerned with the tasks of begging, leasing and borrowing resources which are needed to start the business. Most of the resources are provided by the entrepreneur and the personal risk of the entrepreneur...
This is only a preview of the solution. Please use the purchase button to see the entire solution