4.6 - Funding and Financial Literacy
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Practice Questions
Test your understanding with targeted questions
What is self-funding?
💡 Hint: This type of funding does not involve any external investors.
Name one source of funding for a startup.
💡 Hint: These are often the first source of financial support.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is one common source of funding for startups?
💡 Hint: Consider individual investors that might be interested in new ventures.
True or False: Financial literacy is not necessary for entrepreneurs.
💡 Hint: Think about the skills necessary for handling finances.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
You are starting a new tech innovation company and have different funding options available: family loans, bank loans, or seeking venture capital. Which would you choose and why? What potential impacts could your choice have on your business ownership?
💡 Hint: Consider the balance between control and financial support.
Discuss how poor financial literacy can lead to the failure of a startup. Give examples of aspects that entrepreneurs might overlook when they are not financially literate.
💡 Hint: Reflect on key concepts of effective financial management.
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