Ep. 8 How to Raise Funding for Your Business
Money, money, moneyyyy! This episode is all about what it looks like to raise funding for your business.
When I launched my first business, The League, in 2013, my husband and I didn’t have the personal funds to do it alone. So we raised capital from investors (family and friends) and also secured an SBA loan.
In this episode, I’ll answer:
Should I self-fund or raise funding?
How much money should I raise?
What are different options for raising funding?
What does the funding process actually look like (investors vs bank financing)?
What’s an important next step after raising funding?
I’m so glad that not having my own money saved up didn’t stop me from starting. The countless level of impact and life change we’ve seen through her gym business made it all worth it!
If you’re thinking, “Before we even start talking investors, I don’t even have much of a structure for my business,” I have two helpful resources for you:
“Ready, Set, Launch” is a free guide on the first 10 steps to launching your business. If I’d had this list when we launched The League… whew! I would have saved so much time and money.
My 5-week online course, Prove It Plan (formerly Making Cents of It). You’ll journey through each facet of your business and connect with me and other business owners through a private, member’s only Facebook group. I’ll host monthly LIVE Q&A sessions and provide additional guidance and resources.
Whether or not you join the course, I encourage you to invest in establishing a strong foundation with a business plan. You will be so glad you did!
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