How To Get Your Business Funded
Below are a few key ways to get your business funded.
Your Money. Most people start their businesses with their own money. This is the least risky out of any of the options. Because at the end of the day, if you lose your money then it’s just that - you lose your money and not someone else’s. You can set up a savings account specifically for your business.
Investors. Investors are a great option because it alleviates the money flow issues that new businesses often have. This option allows you to operate the business as usual without the need to cut corners. The downside to this is investors will 1) Want interest on their investment or 2) Want a piece of your company in exchange for their money.
Business Loans & Credit. Many real estate investors got their start by leveraging business credit and loans and turning it into cash. Business credit is easy to establish and maintain as long as you pay your debts on time. Many small business owners overlook the power and potential in this option. Check out our new business kit to see what business tradelines are best for you and your business.
The good news is you don’t have to exclusively choose one of these options over the other.
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