Consider a business you own or would like to own in the future.
Consider a business you own or would like to own in the future.
Answer the following in 350- to 525- words to evaluate the financial feasibility of starting a new business:
Explain 3 components of a financial feasibility assessment and why it is beneficial when starting a new business.
Compare bootstrapping, debt financing, and equity financing. In what ways are they similar and how do they differ? What are 3 sources of each that could be used to fund a new business venture?
Assess why a risk analysis is important to conduct before starting a new business.
Evaluate the usefulness of crowdfunding for your business venture. Describe how it works and whether it would be a way to fund your new business.
Based on your evaluation of the various sources of funding, determine the approach that would work the best for your new business.
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