Discussion E

1. Identify and briefly explain 3 capital sources for new ventures. Which capital source would be ideal for funding your business and why?

2. Identify one positive and one negative impact of information technology on entrepreneurs.

There are many potential capital sources available for new ventures. Choosing the

one that is best for funding a business requires understanding what the options are and also

what each option can do. The three capital sources for new ventures that will be discussed

here include using savings, asking friends/family, or considering the option of grants

(Zwilling, 2014). Zwilling indicated that using savings as a means for funding a new venture

requires the owner to save until they have the level of funding needed to proceed with the

new venture. When considering asking friends and family, Zwilling suggested asking

friends/family that you could share your business needs idea with and promote how effective

the planning and idea of the business is for them to considering investing in (Zwilling, 2014).

Lastly, seeking out a grant from a government agency or organization would allow someone

to contribute the business, but the grant would not have to be paid back (Zilling, 2014). In

this case, I believe the ideal funding for my business would be savings. I want to start this

business on my own and starting it with my own funds would give me a great sense of price.

In considering the second part of the question noted here, there are several impacts

information technology has on entrepreneurs. In this section, identification of one positive and

one negative impact will be discussed further. According to Rattner (2014), “Technology can

empower social entrepreneurship initiatives by democratizing access to information, creating

business value, and enabling new capabilities—although not every technology initiative

succeeds.” (para. 1). One positive benefit as noted by Rattner is that information technology can

help business owners learn more about their customers to tailor the business around them. One

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negative impact of the business would be that the same tools are available to competitors. While

there are many positives and negatives, the two previously mentioned are considered key impacts

– one negative and one positive.

References

Rattner, J. (2014). Five ways social entrepreneurs use technology to increase their impact.

Forbes. Retrieved from https://www.forbes.com/sites/ashoka/2014/12/10/five-ways-

social-entrepreneurs-use-technology-to-increase-their-impact/#39634a1314cc

Zwilling, M. (2014). The 10 most reliable ways to fund a start-up. Entrepreneur. Retrieved from

https://www.entrepreneur.com/article/237926

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