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  1. . Why is it so difficult for most small business owners to raise the capital needed to start, operate, or expand their ventures?
  2. . What is capital?
  3. Define equity financing.
  4. . What advantage does equity financing offer over debt financing?
  5. What is the most common source of equity funds in a typical small business?
  6. . If an owner lacks sufficient equity capital to invest in the firm, what options are available for raising it?
  7. . What guidelines should an entrepreneur follow if friends and relatives choose to invest in her business?
  8. What is an angel investor?

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