How are the vast majority of new firms funded?

Name: How are the vast majority of new firms funded?
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

The vast majority of new firms are funded with the owner's personal savings or through bootstrapping, meaning using the profits from the business to reinvest and grow the company. This is because most new firms do not yet have a track record or assets to secure commercial loans or attract equity stakeholders, and family money may not always be available or desirable.

How Are the Vast Majority of New Firms Funded