Alternative Ways to Fund Your Business | Ep. #1195

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Episode #1195

Alternative Ways to Fund Your Business

November 08, 2019

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In episode #1195, we share several alternative (yet effective!) ways of funding your business. We give you all the details on crowdfunding, revenue-based financing, and the more traditional routes involving bank loans. Tune in to hear what you need to do to attract investors!

TIME-STAMPED SHOW NOTES:

[00:25] Today’s topic: Alternative Ways to Fund Your Business.
[00:37] Why people should consider funding and the problem with bootstrapping.
[01:02] The need for funding even if you are Elon Musk or Jeff Bezos.
[01:47] Thoughts on crowdfunding and the various platforms you can use.
[02:22] A list of the main crowdfunding platforms and how much you can raise per year.
[03:03] The importance of having traction before attempting to raise money.
[03:27] How you can raise money through revenue-based financing.
[04:15] The models that companies like Lighter Capital use.
[05:05] Getting a traditional bank or SBA loan in the US and their interest rates.
[05:22] What the credit card company Brex is offering in terms of credit.
[06:01] The importance of having a formula that is already working.
[06:24] That’s it for today!
[07:02] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information.