MGT 401 Week 5 Funding the Business and Ecommerce Trend

For this assignment, you may want to visit your nearest bank or credit union to discuss different funding options for businesses. Investigate the requirements that need to be met in order to secure funding to start your own business.

Research and discuss with your learning team various funding options that are available for entrepreneurs.

Write a 525- to 700-word paper in which you answer the following questions:

• What are the common sources of funding available for entrepreneurs?  What are the advantages and disadvantages to each of the following funding sources:

  • Private Investment
  • Banks
  • Personal savings and assets
  • Friends
  • Family members
  • Corporate funding
  • Grants

• If you are unable to secure funding (or as much funding as you’d prefer) for your business concept, what are some alternatives to starting your own business?
• What are the advantages and disadvantages of an online or social media business?  Should all traditional businesses also offer online sales? Explain.

Format your response according to APA guidelines.

Click on the Assignment Files tab to submit your assignment.