1. Why would an entrepreneur choose MOM over OPM, and vice versa? 2. What is bootstrap financing?...

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1. Why would an entrepreneur choose MOM over OPM, and vice versa?

2. What is bootstrap financing? Why is it popular with entrepreneurs?

3. Why do you think investors expect an entrepreneur to have some “skin in the game”—some of their own money invested? What kinds of sacrifices did the featured entrepreneurs make to fund their business ventures?

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Small Business Management Launching and Growing New Ventures

ISBN: 978-0176532215

6th Canadian edition

Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy

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Question Posted: Apr 25, 2019 11:48 AM

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1. Why would an entrepreneur choose MOM over OPM, and vice versa? 2. What is bootstrap financing?...

Question:

Step by Step Answer:

1 MOM stands for My Own Money and OPM means Other Peoples Money Both MOM and OPM describe the types of funding available to startup business owners MO...View the full answer

Small Business Management Launching and Growing New Ventures

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