Entrepreneurs must build strong relationships with financial stakeholders from "summary" of Developments in Entrepreneurial Finance and Technology by Audretsch, David B.,Belitski, Maksim,Rejeb, Nada,Caiazza, Rosa
Building strong relationships with financial stakeholders is crucial for entrepreneurs to secure the necessary capital for their ventures. Financial stakeholders such as investors, lenders, and other sources of funding play a key role in providing the financial resources that businesses need to start and grow. By fostering strong relationships with these stakeholders, entrepreneurs can increase their chances of obtaining the funding they require to support their business activities. One of the main reasons why entrepreneurs must prioritize building strong relationships with financial stakeholders is that these stakeholders often have a significant impact on the success of a venture. Investors, for example, not only provide funding but also offer valuable expertise, guidance, and networks that can help entrepreneurs navigate the challenges of starting and growing a business. By establishing strong relationships with investors, entrepreneurs can access these resources and increase their chances of success. In addition to providing fin...
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