Financing Entrepreneurial Ventures DayOne Case - Running...

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Running head: FINANCING ENTREPRENEURIAL VENTURES DAYONE CASE1Financing Entrepreneurial Ventures DayOne CaseXonia ShebellaENT/527May 22, 2017
FINANCING ENTREPRENEURIAL VENTURES DAYONE CASE2Financing Entrepreneurial Ventures DayOne CaseWhat does it take for entrepreneurs to successfully start a new business venture? Thereare many critical factors for someone to start a new business. For successful business, theopportunity needs to exist, the entrepreneur and its team, and importantly the resources must beavailable to start a business and make it grow. Andrew Zenoff, an entrepreneurial, a creator ofMy Brest Friend, a popular nursing pillow that manage to do okay. Andrew and his friend cameup with a new business idea, DayOne, a retailer that offered high-end baby tools, parentingclasses, a lounge for new mothers, lactation consultants through membership. But the startup ofDayOne was not an easy one.This paper will examine what Andrew and his team can do tobuild credibility and securing the capital they needed to implement the business plan. Discussoptions that Andrew could have considered to raise funding to move forward. Evaluate DayOnebusiness plan and approach for new investor. Will discuss concerns and what would be reasons toinvest or not to invest in DayOne.SECURING CAPITALIt is not a straightforward process to start a business. There are several importantingredients to successfully open the doors of a new business. Mainly, have passion for what youdo and secondly, be prepared by producing a business plan. Finally, the major ingredient is tosecure financing to be able to launch a new business venture. Securing financing can be achallenge. Initially, entrepreneurs provide their own capital, along with the assistance of familyand friends. As the business starts to grow, it will require additional capital. “The amount ofcapital that entrepreneurs need to start their ventures depends, among other things, on the type ofbusiness, the ambitions of the entrepreneur, the location of the business, and the country where itis started” (Bygrave & Zacharakis, 2014). In the case of DayOne, Andrew did not secure the

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Term
Spring
Professor
N/A
Tags
Finance, Entrepreneurship, DayOne, Entrepreneurial Ventures DayOne, Ventures DayOne Case

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