Study: Entrepreneurs use their savings to launch their businesses

03/3/2013 | BusinessNewsDaily.com

Most new entrepreneurs are using their personal savings to finance their companies, according to a study by LegalZoom and the Ewing Marion Kauffman Foundation. Only one-fifth of entrepreneurs got loans or received funding from investors, the study found. The research also found that 60% of entrepreneurs spend more than six months planning before launching their businesses.

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