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Chameleon Shoes Sources Of Capital

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Chameleon Shoes Sources of Capital Every business needs some form of capital investment hence the need for entrepreneurs to identify reliable sources of financing. The chameleon shoes venture, being a new business opportunity will require reliable sources of capital. In fact, the chameleon shoes business will require finances to purchase assets and for its working capital operations. As such, this paper seeks to explore various sources of capital with particular interest on venture capital as well as their pros and cons.
Potential Sources of Capital Personal savings is the first potential source of capital for investing in the chameleon shoe venture. Personal savings especially money put aside in a bank is easily accessible and is very instrumental in starting off the business venture (Castellani et al., 2013). Actually, personal savings are important because they can be used to develop one or two pairs of chameleon shoes which will act as samples. Using personal savings to come up with samples of the chameleon shoes helps in pitching the product and making it possible to expand the capital outlay by attracting potential investors. Therefore, the pros for personal savings are its ease of accessibility and its ability to assist an entrepreneur pitch a product in the early stages. Unfortunately, personal savings has shortcomings because it is often inadequate or the amount may be too small to make an impact. Moreover, angel investors are a suitable

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