Different ways to fund your business

• List at least three different ways you could fund your business and explain the pros and cons of each. • Why do you think a business plan is important to the success of your business concept? Or is it? • Find a resource about why a business plan is necessary. Share a link to the resource and discuss your ideas on the topics presented in the resource. • Successfully transitioning a family business from one generation to another is a goal of many owners of family-run firms. Discuss the pros and cons of passing a business from one generation to another.