According to the Kauffman Foundation, the journey to funding a small business starts with understanding where capital typically comes from:
Personal Savings 💰 – Many entrepreneurs take the bold step of investing their own savings, putting their belief in their vision first.
Friends & Family 👨👩👧 – Trusted loved ones often become the first financial supporters, providing a foundation of confidence.
Bank Loans 🏦 – Traditional loans remain a key resource, though they require a strong business plan and financial forecast.
Credit Cards 💳 – Riskier but sometimes necessary, credit cards are a common short-term solution.
Angel Investors & Venture Capital 🚀 – For those with scalable ideas, these sources can provide major backing and mentorship.
The path to growth is diverse, and these resources reflect the creativity, resilience and network of today’s entrepreneurs. 🌱
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