Life, Liberty, and Pursuit of Business Funding

Updated: Mar 14

Let's talk FUNDING as in Funding your Business. There are a plethora of ways for small business owners to obtain funding.

Top Business Funding options:

  1. Bootstrapping

  2. Personal

  3. Banks and Credit Unions in the form of business loans

  4. Grants

  5. Government support-(i.e., state and local governments)

  6. Alternative Funding

  7. Angel Investors

Consultant Proficiency Resources LLC recommends tapping all available resources. If you are overwhelmed with writing or financial data, CPR LLC assists with grant search and/or grant writing at various prices. Register for a free 30 min virtual meeting to explore your options.

To prepare for that all-important meeting, you must:

1-Put your mind to paper.

In today's business, you must document your business in the form of business and marketing plans. If you are unable to do so, hire a consultant such as CPR LLC to assist.

2-Have an elevator pitch. Business 101 dictates knowing thy business. If someone was to ask you, tell me about your business in 30 seconds' what would you say?

3-For the larger grant $$$, you must know your success indicators. That is your measure of success and how you plan to achieve this.

4-Exercise patients and be prepared to apply for loans grants or schedule meetings with your angel investors over and over again. If you are not successful today, maybe tomorrow. That's the nature of doing business.

More information on alternate funding as well as definitions of each funding can be found on Patreon. Become a Patreon member today to support a small business. Go to https://www.patreon.com/posts/62649216/


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