One of the most common beliefs held by prospective entrepreneurs is that vast amounts of
money is needed to start a business: S can't start a business because I1 don't have any money--how do I get money?" Looking at entrepreneurship from the outside, it's common to
believe that the key to success is to raise as much capital as possible in the beginning, but this
in is simply not the case. Very few entrepreneurs manage to gel formal funding for their new
to ventures - bank loans are notoriously difficult for newly emerging businesses to access. and
investments from 'angels' or other investors aren't as common as people would like to believe.This is because entrepreneurs often have difficulty proving O potential investors the value of business that hasn't gotten off the ground yet based on this bachground, answer the
following questions

a) What is your understanding of "bootstrapping" towards a sucesfhud venture start-up?
ii. Critically examinc whether entrepreneurs nced to prctice "bootstrapping
marks)
i. As a start-up entrepreneur. present and evaluate your creative bootstrap strategies that you
would use to mobilize resources for your new business without being hindered from
successfully pursuing it. (8 marks)
D) As an aspiring entrepreneur, explain the role of networks in building a social capital and what sorts of social capital and for what purposels') do you envisage can be constructed in a
sustainable way from scratch and throughout the life of your business?