Entrepreneurs in search of startup funding should target self-made entrepreneurs with high incomes. More specifically, they should first talk with entrepreneurs among their relatives, friends, and neighbors.

Question

Quizplus · Accepted Answer

Self-made entrepreneurs with high incomes are likely to understand the challenges of starting a business and may be more willing to invest in new ventures. Starting with entrepreneurs among relatives, friends, and neighbors can leverage existing trust and networks, potentially making it easier to secure initial funding.

Entrepreneurs in Search of Startup Funding Should Target Self-Made Entrepreneurs