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Explain the purpose of income statements, cash flow statements, balance sheets, and the break-even analysis. Define bootstrapping and provide a detailed explanation of five actions
- Explain the purpose of income statements, cash flow statements, balance sheets, and the break-even analysis.
- Define bootstrapping and provide a detailed explanation of five actions an entrepreneur can take to bootstrap a business.
- Explain the difference between equity financing and debt financing, and provide at least one pro and one con of each.
- Explain the difference between an angel investor and a venture capitalist. Be sure to show your understanding of both investor types in your answer. Provide an example of a startup business that might be a good fit for each.
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