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Funding Sources - Identifying the Best Option(s)
Entrepreneurs need to not only be aware of the different options for funding, but they also need to know which particular sources would be most appropriate for them to pursue. Someone fresh out of college with a good idea and little else is unlikely to obtain bank financing for his or her business. That is why it is critical to be aware of the whole range of options.
Based on the resources for this week, match the new business you selected for your Course Project to the appropriate source of funding as shown in Figure 11.1 of the course text.
Your memo should include the following:
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