This infographic, presented by mba-in-business.com, lists seven innovative ways for an aspiring entrepreneur to raise capital for his startup.
Image compliments of MBA in Finance Degrees
7 Innovative Ways to Finance a Startup Business
Small businesses comprise an enormous portion of the U.S. economy. They generate $7.8 trillion in revenue, and make up 98.2% of all firms in the U.S. Despite their economic significance, half of all startups fail within their first five years. What causes this failure? Forty-six percent of startup failures are caused by incompetence and lack of funding. It is important for an entrepreneur to know how to raise and manage capital properly and there are many ways to raise capital.