ABSTRACT
Great entrepreneurs are great visionaries. While planning to launch a new business or expand the arms of an existing business, they don’t forget to look at the bigger picture. Surely, they would have gone over some numbers, figures, and statistics in the midst of formulating a business execution plan. Call it their accounting skills, which are necessary to acquire the long-term viability of the business. Availability of venture capital funds is one of the top variables that they would review before making a start-up decision. Well, for the economy start-up entrepreneurship is crucial because it brings employment, innovation, competition dynamics, and adds prosperity to an economy. Seeing this, they found funding as one of the biggest constraints hindering their launch and then progress. At times, the technocrats rely on bank financing which makes their start-up journey difficult. Considering the relevance of the context, the present article has elaborated on debt and equity-based emerging sources of finance for converting an unproven business idea into a successful business venture. The paper has discussed the life cycle of new businesses and several modes of finances for catering to the changing fund requirements in different phases. Moreover, the Government initiatives to promote the growth of entrepreneurship are elaborated on in the paper. The current status of various funding resources is also highlighted in the study. The paper is relevant for budding entrepreneurs, policymakers, and researchers to gain valuable insights into the prevailing scenario of entrepreneurial financing. Through this study, an effort has been made to appraise the founders’ several financing modes for the development of their ventures by overcoming financial constraints in a competitive and volatile business environment.
