Multiple-answer format

Identify the correct statements about bootstrapping.

a. can be an excellent solution for those who want to stay in complete control and have full ownership of their company

b. cannot include using charge cards

c. means you grow your business relying on your own financial resources without getting money from investors

d. involves raising money from investors

e. is an excellent solution for entrepreneurs who want to grow their business very fast

When considering a product partnership, which key questions should you ask?

a. Is the potential partner's product distinct enough to not compete with me, and can the partner help grow my business?

b. Does the potential partner share my vision, and can the partner provide funding for my business?

c. Does the potential partner share the same audience, and can the partner help grow my business?

d. Is the potential partner well-funded, and can the partner provide me with business connections?

If you are trying to grow your business through bootstrapping, _______.

identify the correct statement

a. You can bootstrap your business by taking VC money as long as the VC shares your vision for the business

b. You can still take outside money by selling some of the business shares to outside investors

c. You should not take cash out of business except for what you need to pay your bills

d. You cannot use charge cards to grow your business

You are considering seeking funding from friends and family for your startup business. What best practice should you follow?

a. Understand that they do not need to be kept in the communication loop early on in the investment.

b. Avoid upsetting your friends and family with worst-case scenarios.

c. Rely on verbal commitments to avoid upsetting friends and family.

d. Be clear about your expectations regarding the likelihood that you will be successful.

ASAP PLEASE ...ASAP