There are multiple reasons why an entrepreneur might choose self-funding:
Control: By using personal funds, entrepreneurs maintain full control over decision-making without the influence of external investors. Ownership: Entrepreneurs retain 100% ownership of their company, which can be highly attractive if the business becomes profitable. Speed: Self-funding can often be quicker than seeking venture capital or angel investors, as it eliminates the need for lengthy pitch processes and negotiations. Commitment: Using personal funds can demonstrate a high level of commitment and belief in the business, which can be appealing to potential future investors.