NSTP - ReygieC.Maceda DE101 Montalban STARTUPFINANCING...

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Reygie C. Maceda Oct.13, 2010 DE101 Ms.  Montalban START UP FINANCING Finding the right financing that fits with a business' goals is a continuing  challenge for almost every small business.  For startup businesses this can be  one of the biggest hurdles in getting off the ground. Some entrepreneurs can be incredibly creative in finding ways to fund  their ideas.  Many work another job as a way to fund their personal business.  Others finance their enterprises by going back to school.  Business schools often  can give you the tools and connections to get a business off the ground. Your  classmates may be good business partners or the school may have a business  plan competition with a prize of start-up funding for the business. Most companies, however, find their start-up funding in more conventional  ways.  The most common sources are: 72% Personal Savings 45% Banks 28% Friends/Relatives 10% Individual Investors 7% Government-guaranteed Loans 1% Venture Capital Firms Using personal funds is very common , partly because few banks will loan  to people who not risked some of their own personal funds. However, in the long  run, most businesses will need external funding of some type. The conventional wisdom in starting a business is that it is  no one will loan  money to a startup . With no history and no assets, one either needs to have  savings, friends and family who are willing to help or an angel. While it is  impossible to deny the challenges, loans do exist and with good preparation are  even relatively easy to get.
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NSTP - ReygieC.Maceda DE101 Montalban STARTUPFINANCING...

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