How to Get Money for Your Entrepreneurial Dream | USA Today
Vice Chairman of Dun Bradstreet, Jeff Stibel, Provides Advice to Budding Entrepreneurs
In USA Today, Vice Chairman of Dun & Bradstreet Jeff Stibel says, "Businesses almost always fail for the same reason: They run out of money." To that end, Stibel shares what he has learned as an entrepreneur about financing. Though Stibel has received some pushback on his belief that business owners should invest in their own ventures, he writes: "Building a new company should be about putting in absolutely everything."
He cites the latest Private Capital Access (PCA) Index report, which is quarterly research conducted by the Pepperdine Graziadio Business School with Dun & Bradstreet Corp. Q1 findings show the most successful form of financing comes from friends and family. He also acknowledged that the PCA Index report showed the most common source of business credit is still a traditional bank. He also includes alternative resources for capital. Jeff Stibel is vice chairman of Dun & Bradstreet and a partner of Bryant Stibel.