Background:

In the Week 3 Discussion, we will be focusing on the identification of capital sources for new ventures and the impact of information technology on entrepreneurs.

For many entrepreneurs, funding is one factor that they let hold the business back in the beginning because they feel that securing traditional lending is difficult. However, there are capital sources available to entrepreneurs – some traditional and some new and out-of-the-box.

In addition to funding, we will also review the impact of information technology on entrepreneurs. Everywhere we turn in our business practices; information technology could both help or hinder our processes depending on what information technology products and services we are selecting. Understanding the impacts of information technology on entrepreneurs is essential to know what to select to optimize performance and mitigate information technology challenges.

Read the following article:

https://www.entrepreneur.com/slideshow/299773

Please watch this video on how to find investors for your business (6:51):

Please watch this video about nine ways to fund a start-up (6:42

Please watch this video that discusses how to bootstrap your startup business (15:08):

Identify the impact of information technology on entrepreneurs

Please read this article on the advantage of information technology in business: https://smallbusiness.chron.com/advantages-information-technology-business-774.html

Read this article about how technology has changed the lives of entrepreneurs: https://www.virgin.com/entrepreneur/how-technology-has-changed-lives-entrepreneurs-through-ages

Please watch this video about How IT and business processes work together (3:30): https://www.youtube.com/watch?v=3iAp9me4P1c&feature=youtu.be

Watch this video on how technology is changing business (2:51):

Please watch this video about entrepreneurs using technology (14:55): https://www.youtube.com/watch?v=2Ugl6wPmqpg&feature=youtu.be

Prompt

For the Week 3 Discussion, you will provide your answers to the following:

Identify and briefly explain three capital sources for new ventures. Which capital source would be ideal for funding your business and why?

Identify one positive and one negative impact of information technology on entrepreneurs.

For your citation, you should use articles that show examples of traditional or new capital sources of funding businesses. You can also find articles from experts that suggest how information technology makes operating a business easier or challenging.

Your initial and reply posts should work to develop a group understanding of this topic. Challenge each other. Build on each other. Always be respectful but discuss this and figure it out together.