Alternative Ways to Fund Your Business | Ep. #1195

Nomzy Stholly

8 min

Investing & Markets

Description

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

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Episodes

Alternative Ways to Fund Your Business | Ep. #1195

Nomzy Stholly

8:05