As an entrepreneur, it is often hard to secure traditional sources of financing to get a new operation off the ground. Most entrepreneurs who are passionate about their business idea usually opt to go to friends and family members in a bid to raise the needed cash.
It is so much easier to raise funds to fund a start up …Read Full Article
The Canadian government offers grants to small businesses through various levels of government. These include federal, provincial and municipal governments. When it comes to applying for government grants, it is worth noting that the process can be time consuming and tedious; applying for other forms of financing may prove to be more fruitful. However, if you are looking to benefit …Read Full Article
If you have ever applied for a loan before, you must be familiar with the concept of a guarantee. This is the party which undertakes to repay the loan, should you fail to do so. Small businesses in Canada can be able to obtain financing from various lenders with the government acting as their guarantor. The government created this program …Read Full Article
When it comes to debt, it is important to note that although it is possible for you to live without it personally, most businesses survive through it. Debt financing allows businesses to finance various investments for growth. However, even with the benefits of accessing more financing in mind, applying for debt should be treated with a lot of care. This …Read Full Article
The growth of the internet has brought with it new social platforms where people can share ideas, and even raise money to start a venture. This is exactly how crowd funding came to being. Basically, entrepreneurs pitch their idea to members of a crowd funding platform and a fundraiser is done to secure the money they seek as capital. This …Read Full Article
As a small business owner or startup entrepreneur, at one point in your business life cycle you will wonder about funding your small business. When you start looking at all of the options on how to fund your startup venture, or how to grow your existing business the obvious funding choices are there: friends, family. personal savings, credit cards, bank …Read Full Article
Most likely a lot of you have read the first 5 Essential Small Business Funding Strategies, and are getting excited and learning a lot. That is why this week we will let all of you know the next strategy (but not just one, but two strategies at the same time). Be sure to use them towards getting your small business …Read Full Article
Should you be paying somebody to get access to government funding programs for your small business?
This questions seems to be a pretty big one that small business owners in Canada seem to have when it comes to searching, applying and getting funded through programs offered by the Canadian government.
There are many organizations out there who have taken the …Read Full Article
Back for more are you? Well good!
The fourth funding strategy we discussed last week was very interesting and a lot of you sent in emails thanking me for the points. In case you missed it, you can read the points here on how to not neglect valuable funding sources.
This week we will be talking a bit more about …Read Full Article
Welcome back for those coming from the 3rd funding strategy, and for those tuning in for the first time, be sure to take a look at all of the essential strategies a small business can use to find funding.
What do we know by now?
We know that a business plan is the key to a successful business, that there …Read Full Article