Identification should include a definition of capital (i.e., money, property, equipment) and sources of capital, such as
- banks (particularly those specializing in small-business loans)
- investors, including venture capitalists
- personal assets, family, friends
- crowdfunding
- government loans
- grants.
Process/Skill Questions:
- Why does a business need capital?
- How can a business attract investors?
- Why are multiple sources of capital usually necessary for starting a business?