Why Do Startups Have a More Difficult Time Borrowing Money

question 21

Essay

Why do startups have a more difficult time borrowing money than existing businesses?

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Definitions:

World-Class Companies

Firms that excel in their operations globally, often setting the standard for innovation, quality, and efficiency in their industries.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior position compared to its rivals in the market.

Value Chain

A series of activities or processes that a company performs to deliver a valuable product or service to the market.

Primary Activities

Primary activities are the essential processes directly involved in the creation of a product or service, including production, marketing, sales, and after-sale service.