It is now time for you to start considering, ‘how am I going to fund this venture?’. You need not to know the answer yet, but look through the resources below. There is sure to be an option just for you!
Estimate the Amount of Funding You Need
Start at the beginning: how much money do you need and what will it be used for?
- Tips on estimating startup costs
- Online startup costs calculator
- Small Business Development Center Counselors can also help you determine your startup or expansion financing needs
It’s also important to think about what it’s really going to take to invest in your own business. Annuity put together a guide to help you understand how to project startup cost, ongoing operational costs, and other things to take into consideration when starting a business.
Determine Your Best Source of Funding
Next: where are you looking to receive funding from?
- Overview of business financing
- Quick pick (chart of funding sources based on stage of business.)
Types of Funding Available
Lastly, what funding opportunities are out there for your business?
Below, you will find a list of the different funding options available to you. Check them out and which fits your business the best!
Note: When looking for government grants, be careful to avoid illegitimate and predictor sites. Use this article by SCORE to ensure that you do not fall victim to these sites.
