Many people use the phrase “venture capital” when they really mean “outside investors” or “angel investors.” Bank loans are the most likely option for funding a new businessĪctually, banks don’t finance business startups. I’ll explain this more later, but assume that only a very few high-growth companies with high-power management teams are venture opportunities. Venture capital is a growing opportunity for funding businessesĪctually, venture capital financing is very rare. Better to deal with realities that you can work with rather than myths you can’t.
Common small business financing mythsīefore we get into the most viable options for start-ups and established businesses, let’s dispel some popular funding myths, just so we can get them out of the way. Let’s walk through how to conduct a funding search and define some common options. So you should tailor your funding search and your approach. Its age, position, performance, market opportunities, team, and so forth are very important. Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital.ĭeciding to take on some kind of debt is quite common, but financing options depend on what kind of business you have. Most healthy businesses need business financing at some point.
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