October 2010
Beginner to intermediate
631 pages
24h 29m
English
Content preview from Entrepreneurship, Second Edition
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Chapter 10. RAISING MONEY FOR STARTING AND GROWING BUSINESSES
Jim Poss and Big Belly© solar-powered trash compactor. (Source: Courtesy James Poss)
You've developed your business idea and written a business plan in which you have forecast how much money you'll need for your new venture. Now you're wondering where you will get the initial money to start your business and the follow-on capital to grow it. In this chapter, we discuss the mechanics of raising money from investors, including business angels, venture capitalists, and public stock markets. First, we revisit the Jim Poss case, which you studied in Chapter 3, to examine how Jim scraped together the resources to start his business.