For entrepreneurs, launching a new startup is an exhilarating experience. It’s what we live for. One of the biggest hurdles of starting a new venture is making sure the business has enough funding to not only keep the doors open but also invest in future growth. Unfortunately, nearly 40% of businesses fail because they run out of cash.
Without proper funding, it’s impossible for startups to invest in the right technology, equipment, product development and other resources they need to expand and grow. For this reason, entrepreneurs must have a strategy in place to secure the funding they need to unlock the full potential of their business.
