At start-up Karen had to find unique ways to finance her business.She used her credit cards,talked to friends,sold personal assets,and used initial company profits to be re-invested in the business.What is this kind of financing called?
A) bootstrapping
B) equity financing
C) debt financing
D) love money

Question

Quizplus · Accepted Answer

This kind of financing is called bootstrapping, which is a process of self-funding a startup using personal resources like credit cards, savings, and selling personal assets. It is a common way for entrepreneurs to fund their businesses, especially in the early stages when external funding is hard to come by. It allows entrepreneurs to retain control over their business and avoid the complications of debt or equity financing.

At Start-Up Karen Had to Find Unique Ways to Finance