Philanthropists and entrepreneurs alike could nurture entrepreneurial creativity by launching competitions for start-up financing of the most viable venture ideas.
Two fledgling companies -- one located in a pharmacy's closet, the other limited to a desk in a vacant office -- received an invaluable crash course in start-up financing.
On the other hand, even this small fraction is high when compared with the frequency with which businesses get start-up financing from business angels and venture capitalists.
While obtaining start-up financing is not a trivial matter, the survey reveals that it is far from the largest problem that small business owners face when founding their businesses.
