Explore different sources of capital.

Exploration should include research and analysis of means of obtaining capital, such as

• owner capital (e.g., personal assets, stocks)
• borrowed capital (e.g., loans, bonds)
• retained earnings
• venture capital (i.e., uses investment funds)
• grants and government subsidies
• angel investors (i.e., uses the business owner’s network)
• bootstrapping (i.e., uses very little capital to fund a business and relies on the operating revenues of the new company).