The government provides a wide range of assistance and funding to entrepreneurs who are beginning or expanding their firms. But what does government funding imply for the individual entrepreneur?
Whether you’re seeding money to get started, or looking for capital to scale out a viable firm, receiving funding can be challenging. After all, venture capital (VC) and angel investment are founded on the common shortage of investment money to support the riskier stages of entrepreneurship. Many entrepreneurs regard bootstrapping as a necessity rather than a strategy. This means they must make do with very little – not by choice.
The question for the individual entrepreneur is not whether the money could be put to good use, but is it worth considering a government program for support in your startup? Here are four things to consider:
1. Value
2. Lethargy
3. Cost
4. Independence