Discussion E

MAN210

November 14, 2017

Class,

The three forms of start-up funding I chose are; friends and family, angel investors,

and government grants.

Friends and/or family is a great way to save your credit for later, as money from

family and friends is often without much documentation. It could turn out not to be

a good idea as well, especially in the event your business flops, you may lose this

friend, or turn a family member into an enemy (Iskold, 2017).

Angel investors could be an option, they can help you get your business started and

usually aren’t out to make a big profit of you like venture capitalists (Investopedia,

2017). They are more for your benefit than their own, to help you out on the right

path. They often get will require ownership equity in exchange for their funding.

Government grants are a great way to help you start your business, and the best

part is that you are not giving away a part of your ownership, as well as not having

to pay it back. They may require something small such as participating in a

competition, or writing an essay to demonstrate your talents or need

(Businessgrants.org, 2017).

I personally would like to use a grant if I could qualify for one, who would not like

to have their business start out debt free? I would also incorporate family into that

as well, my family knows that I will always pay them back; I am good for it so to

speak. Even if the business failed, they know it may take me awhile, but they would

not be left short-handed.

There are many good things that have come from technology for entrepreneurs.

Technology has allowed for fast communication, research and development, and

web advertising (Epicentre, 2015). Although full of good, one downside can be

consumer reviews. Often people will look for reviews on business’s before using

them or purchasing goods or services. Hopefully your reviews for your business are

great and help you instead of hinder, but it only takes one or two bad reviews to

make people think twice about wht you may have to offer.

References

Businessgrants.org. (2017). Small Business Grants - How to FInd Them and How To

Qualify. Retrieved from businessgrants.org: http://businessgrants.org/

Epicentre. (2015, July 22). The Importance of Technology and Entrepreneurship.

Retrieved from epicentreuwindsor.ca: http://www.epicentreuwindsor.ca/the-

importance-of-technology-in-entrepreneurship/Th

Investopedia. (2017). Angel Investors. Retrieved from investopedia.com:

https://www.investopedia.com/terms/a/angelinvestor.asp

Iskold, A. (2017). The 7 Sources of Start Up Capital. Retrieved from

entreprenuer.com: https://www.entrepreneur.com/article/252676#