One of the biggest hurdles of starting a new venture is making sure the business has enough funding. Nearly 40% of businesses fail due to running out of cash.
Entrepreneurs must secure funding to invest in technology, equipment, and resources necessary for expansion and growth, unlocking their business's full potential.
Traditional ways of funding startups include personal funds, loans from friends/family, or bank loans. However, there are numerous effective options available in today's business world.
Venture capital provides not just cash injections but strategic guidance and industry connections. Securing VC funding requires proving oneself, giving partial ownership, and meeting high growth expectations.
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