4. A mortgage loan that is not offered or guaranteed by the government
Anonymous Quiz
42%
A) Non-conventional loan
43%
B) Unsecured loan
15%
C) Conventional loan
๐ฅ5๐2
5. Things to consider before applying for a bank loan
Anonymous Quiz
21%
A) Credit score
13%
B) Monthly obligations
66%
C) A and B
โค5
โSurround yourself with people who challenge you, teach you, and push you to be your best self.โ
โ Bill Gates
#Quoteoftheweek
โ Bill Gates
#Quoteoftheweek
๐ฅ12๐3
Business Financing
3.2.1... โฐ
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1. You use your money to fund your business
Anonymous Quiz
62%
A) Bootstrapping
23%
B) Mezzanine capital
15%
C) Crowdfunding
๐ฅ3๐1
2. A combination of debt and equity financing
Anonymous Quiz
37%
A) Crowdfunding
49%
B) Mezzanine capital
13%
C) Bootstrapping
๐ฅ3๐1
3. Advantages of debt financing
Anonymous Quiz
26%
A) Tax deduction
17%
B) You run the business the way you want to
56%
C) A and B
โค3
4. Advantages of equity financing
Anonymous Quiz
15%
A) You do not have to pay back the money invested
20%
B) You're going to have more cash on hand for operation
65%
C) A and B
โค3
5. Which of the following is true about Mezzanine capital?
Anonymous Quiz
17%
A) It is treated as equity on the companyโs balance sheet.
18%
B) It is cheaper than equity financing.
66%
C) A and B
๐ฅ2
๐ช๐ฒ๐ฎ๐น๐๐ต | ๐๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ต๐ฟ๐ผ๐ป๐ถ๐ฐ๐น๐ฒ ๐ต
๐กTop 10 African countries with the highest savings
Is your country on the list?
Anonymous Poll
57%
Yes ๐๐โโ๏ธ
43%
No ๐
โโ๏ธ๐
โโ๏ธ
๐3๐คฏ2
Would you rather bootstrap or raise fund for your business?
Anonymous Poll
53%
Bootstrap
47%
Raise fund
๐ฅ4
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๐ฐ Simplified
4 Advantages and drawbacks of bootstrapping your business + top 10 African countries with the highest savings and more
In case you missed it
๐2๐ฅ1๐1
Match the companies below with their founders
3.2.1... โฐ
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โค2
1. Who founded the company that makes Adidas shoes?
Anonymous Quiz
80%
A) Adi Dassler
13%
B) Phil Knight
7%
C) Fusajiro Yamauchi
๐3๐ฅ2