11 Ways to Secure Funding for Startups: Overcoming the Chicken and the Egg Dilemma
BusinessBusiness FinanceObtaining startup capital can be challenging, but there are various ways to secure funding for your business. The speaker compares this challenge to the Chicken and the Egg dilemma and offers 11 ways to overcome it.
Exploring Loan Options
⭐️Multiple programs and lenders available to provide loans
⭐️Soft pull to determine potential loan amount
⭐️Straightforward approach to obtaining funds for small businesses
Understanding Investment Opportunities
💰Angel investing involves individuals funding startups with their own money
💰Venture capital is a faster version of angel investing but may require giving up control of the business
FAQ
What are SBA loans and how do they work?
SBA loans are backed by the government and offer low interest rates, but require a lot of information from startups.
What are the benefits of involving family in the business?
If you have a good relationship with your family, involving them in your business can be beneficial.
How can partnerships help secure funding for startups?
Consider exploring partnerships with someone who has the financial means to support your business.
Summary with Timestamps
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Obtaining startup capital can be challenging, but there are various ways to secure funding for your business. The speaker compares this challenge to the Chicken and the Egg dilemma and offers 11 ways to overcome it.
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