Are you an entrepreneur, looking to startup a business? After the initial idea, the next crucial step is to raise capital. Entrepreneurs spend an average of $70,000 to start a business. There are many ways for an aspiring entrepreneur to raise money. Forty-six percent of startup failures are caused by incompetence and lack of funding, which demonstrates the importance of properly raising capital. If you want your startup to be one of the 31 percent that have not failed after seven years, best to organize early to have the funds necessary.
This infographic lists seven innovative ways to finance a startup business, presented by mba-in-finance.org.
