3 Ways of Obtaining Financing For Your Business
The spirit of entrepreneurialism is as American as baseball and apple pie. It’s also a driving force in our nation’s economy. The Small Business Administration (www.sba.gov) states that small firms compose 99.7% of all employer firms, but yet statistics show that 69% of new businesses typically survive two years and 51% of those survive only five years. As well, by now we’ve all heard that lack of finances is the number one reasons these companies close. Case in point, “Only the strong survive,” and money is your lifeboat! Let’s face it. If you don’t have the money to keep your business alive, the odds are stacked against you. Don’t fret, though! Obtaining the capital needed to stay afloat is out there, even in today’s economic climate, but you have to be savvy enough to find it! I’m about to share three (out of dozens) of ways to obtain financing for your business (in no particular order of importance): 1. Private inve...