ABSTRACT
This chapter examines the complex, dynamic puzzle of providing the right amount of funding for an entrepreneurial venture during the early stages of the business. The business model and the entrepreneur's aspirations shape the basic nature of the business and its potential for growth; the stage of its development adds to this mix the dynamic nature of a venture over time. Small businesses with modest growth potential and/or modest growth goals established by the entrepreneur tend to have limited access to financing. The chapter has presented an overview of the financing strategies used in small entrepreneurial ventures with modest growth potential and those commonly seen in high-growth, high-potential ventures. The type of financing used for a venture depends on the nature of its business model, the financial and non-financial aspirations of the entrepreneur, and the stage of the business in its life cycle.
