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zakruti.com » Knowledge, science, education » Crash Course
Financing Options for Small Businesses: Crash Course Entrepreneurship #16

Financing Options for Small Businesses: Crash Course Entrepreneurship #16

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Rating: 4.0; Vote: 1
This episode is near the end of this series, but entrepreneurship isn-t a linear journey. You might need funding to accomplish any of the steps to build a business, not just when you-re ready to take a product or service to market. Some people look for money for their minimum viable product. Some market their product or service once everything is set up. And if you believe Silicon Valley legends, a few people get funding with just an idea. But where should we look?
Date: 2022-04-04

Comments and reviews: 10


Also if you want a bank loan not only should you have a really well written business plan. You should also open a business account at that bank and put as much as possible into it each month without taking any out. Think of this like saving for a house down payment. Only you have 10%-20% of the total amount you need saved start the paperwork for yhe loan. With a good plan, good history with a bank, and a good credit score, business loans are possible!
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This would be the step that squashes any ideas I would have before they become a plan. When you are the boss, you have nobody to fall back on. You're responsible for all problems and have to make sure everything gets done. There's no way I could deal with managing people or taking place of everyone's job like engineer, lawyer, accounting, market assessment, marketing and delivery.
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Whoa, your friends can just drop $3, 000 on a tentative project that isn't even off the ground yet? These are very generous friends indeed. I suppose this is one of those societal barriers where people from poorer backgrounds are less likely to know wealthy friends who can become investors, so they can only rely on the third F.
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Sometimes you just have to get creative with your ideas when there-s not enough funding. Not everything requires large capital deposits, especially when it-s just the beginning. Netflix and amazon are two companies with humble beginnings, that grew as their revenue grew. Start small and build up as your sales grow
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I'm gonna miss this as the host has been my favorite so far. Anyways. learning all of this actually reminded me of my goal to be an investor. I would like to see a future series in becoming one and proper successful investing.
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If you're creating a startup, worker cooperatives may be something to look into. They have -5% higher productivity than traditional business structures and tend to have longer lifespans.
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Too much of talking. I prefer moe animation and less text. Also break it down into multiple episodes. Video is too lengthy compared to old videos from crash course.
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The US military has deep pockets for contracts. Sure, there may be some ethical issues but they could be useful. That being said, I'm far from an expert
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