Small business is the backbone of the US economy, generating nearly 62 million jobs for Americans and over $14 trillion in revenue. It is also one of the most difficult things to do successfully. Whether you’re opening a local ice cream shop or looking to launch the next Microsoft, you’ll need a plan, one that involves financing.
How do entrepreneurs acquire the funds to start a venture? This is the “startup stage” — when entrepreneurs are raising capital to launch their business and reinvesting their profits into the business to fuel growth. According to the US Chamber of Commerce, 69% of small businesses rely on their personal savings to fund their business.
In a groundbreaking four-episode series, Yahoo Finance explores the world of entrepreneurship by delving into the different stages of building a business through inspiring stories from those who have navigated this journey. The second episode features Ras Plant Based, a vegan Ethiopian restaurant founded by a culinary duo who got creative with funding and quickly created a profitable restaurant. If you missed the first episode of FEARLESS, about the “concept stage” — the first step in starting a new business — you can watch it here.
#youtube #smallbusiness #entrepreneur
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
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