Ask the Consultant:
Sunday, March 6, 2011
Mark Spriggs, director of the Opus College of Business Schulze School of Entrepreneurship answers: "Raising capital for a new business is never easy because of the uncertainty. Investors don't know if the business can survive or if the entrepreneurs have the skills to make the business successful. Most new ventures start out self-financed from personal savings and/or credit cards.
"Yes, the latter is risky and expensive, but that is the reality."
Originally published: 03/06/2011, Star Tribune