1 Crowdfunding and entrepreneurship Setting the stage
Learning objectives
- Explore the definition of a small business
- Review the characteristics of entrepreneurs
- Understand capital structure of business and sources of entrepreneurial finance
- Explore the traditional sources of financing available to small firms
- Introduce crowdfunding as an alternate source of entrepreneurial finance
Introduction
Entrepreneurship forms the mainstay of developed economies and is a vital contributor to employment, economic and export growth. The role of entrepreneurship in economic development as articulated by Kumar (2019) includes “promoting capital formation, creating large-scale employment opportunities, promoting balanced ...
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