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Employment & Career Interesting Facts https://whizolosophy.com/category/interesting_facts/Businesses-can-be-bootstrapped-meaning-launched-with-nothing-more-than-one-s-existing-cash-or-resources-Nonetheless-businesses-often-require-significant-initial-capital-beyond-good-financial-planning-One-common-place-to-get-initial-capital-is-through-small-business-loans-Note-the-word-small-Small-business-loans-are-for-small-businesses-and-are-usually-for-small-amounts-/66709d3b3a7e066cbb7e6bd2

Whizolosophy | 4 months ago | 2 views | Comments

Popular knowledge puts the overall business-failure rate at around 90 percent, which may or may not be accurate. The more reliable statistics are nuanced, factoring in issues such as industry type and failure time frame.

Original source: Businesses can be bootstrapped, meaning launched with nothing more than one's existing cash or resources. Nonetheless, businesses often require significant initial capital beyond good financial planning. One common place to get initial capital is through small business loans. Note the word small. Small business loans are for small businesses, and are usually for small amounts.

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