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Episode #1195
Alternative Ways to Fund Your Business
November 08, 2019

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.

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