(Doc) Entrepreneurship and Innovation

ENTREPRENEURSHIP AND INNOVATION
Entrepreneurship and Innovation
Name of the Student:
Name of the University:
Author’s Note:

Executive summary
This report highlights the business venture for Saygin
Yalcin, the German entrepreneur and businessperson.
Saygin Yalcin created a website that provides an
opportunity for people to sell their cars in just 30 minutes.

Introduction
As commented by Drucker (2014), the concept of business
venture highlights the start-up entity developed with the
intention of incurring financial profitability.
The majority of the business ventures are created by
considering the demand of the market. In other words, lack
of supply in the market facilitates business ventures
(Brenkert, 2017).

Discussion:
Capital sources for the new ventures and methods of obtaining the capital source
Funds availability: As commented by Grilli & Murtinu (2014),
it is important for the new business ventures to collect adequate
funds and resources for establishing and conducting the
business successfully.
Sources of new ventures: The different capital sources for the
new ventures are a personal investment, venture capital, angels,
business incubators and government grants and subsidies.