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Sourcing and Funding

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Understanding Sourcing and Funding

Sourcing and funding a business involve identifying where you’ll obtain the resources, materials, or services needed to operate and determining how you’ll secure the money to launch and grow. Effective sourcing means building reliable supplier relationships, negotiating favorable terms, and ensuring consistent quality. Funding can come from personal savings, loans, investors, grants, or crowdfunding, and the right mix depends on your business model, risk tolerance, and growth goals. Together, strong sourcing and smart financing create a solid foundation for sustainable operations and long-term success.

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