Final answer:
Approximately 75% of startup businesses start without any formal investment.
Therefore, the correct answer is Option B
Step-by-step explanation:
This means that the majority of startups are self-funded or rely on personal savings and resources to get their businesses off the ground. Here are a few reasons why this is the case:
1) Bootstrapping: Many entrepreneurs choose to bootstrap their startups, which means they use their own funds and resources to finance their business. This allows them to have complete control over their business and avoid taking on debt or giving up equity.
2) Personal savings: Entrepreneurs often use their personal savings to start their businesses. They may save money over time or allocate funds specifically for their startup venture.
3) Friends and family: Some startups receive initial financial support from friends and family members who believe in the entrepreneur's vision. This informal investment can be in the form of loans, gifts, or partnerships.
4) Revenue generation: Startups that have a product or service with immediate market demand can generate revenue from early customers. This revenue can be reinvested into the business to fuel growth and expansion.
5) Crowdfunding: Another option for startups to secure funding without formal investment is through crowdfunding platforms. These platforms allow entrepreneurs to raise funds from a large number of individuals who believe in their business idea.
Therefore, the correct answer is Option B. 75%.