Finance Your Business

Determine How Much Funding You Will Need

It costs money to start and run a business, and it can affect how you structure the entire business. Let us help!

• Self-Funding - Using your own financial resources to support your business
  • Using your savings accounts
  • Asking family and friends for capital
  • With this route, you will retain complete control over the business.
  • You also take on all the risk yourself. Be careful not to spend more than you can afford - check with your plan’s administrator and a personal financial adviser first.
• Crowdfunding - Raises funds for a business from a large number of people, called crowdfunders
  • Not technically investors - don’t receive a share of ownership in the business/don’t expect a financial return on their money,
  • Do expect to get a “gift” from your company as thanks for their contribution. (Product you plan to sell, meeting the business owner, or getting their name in the credits)
  • A popular, low risk, option for people who want to produce creative works (like a documentary), or a physical product (like a high-tech cooler).
  • Every crowdfunding platform is different - make sure to read the fine print and understand your full financial and legal obligations.