Strategy #2 – 30 Essential Small Business Funding Strategies
Category: Business Advice, Business Planning, Funding & Financing
Just a few days ago we published the first of the 30 essential small business funding strategies. If you’ve missed it, you can read about it here. For those that don’t know, we will be posting each of the top 30 strategies over the next few weeks. Each of these strategies are ways to help small business owners and entrepreneurs find funding for their business idea.
We know that having a business plan that is well written and professional is one of the first things you should do when aiming to have your small business funded. But what else can you do?
Funding Strategy #2: Get Paid While You Plan and Develop
That sounds crazy right? Well the reality is that most businesses across Canada are started by people who are employed either full time or part time. Only a small percentage of people quit their job to launch their business. At least in the planning and set-up stage.
Most people are much more careful. They work (some full time and some part time), but they earn an income. Once their feel their business is taking off, and requires more dedication, they have the option to quit and focus on that full time instead.
There are many government funded programs which are designed to help you as a small business owner generate an investment for your business, or even hire people who otherwise would not be hirable and allow them to join your business in the early stages as employees.
It is hard to start a business when you have the weight of the world on your shoulders. Knowing you have to make money to pay rent and feed yourself and your family takes a lot away from the primary focus of launching your business. They money really helps.
We urge you to take time to research some available funding programs that can help you as you start up your business. There are a number of government programs which are able to pay you each week while you launch your business (government grants or subsidies), and other types of programs that allow you to hire help and only pay a minimal fee while the government pays the other amount. Take a minute and consider getting access to the Small Business Funding Database which has access to hundreds of government grant, loan and financial assistance programs – as well as over a thousand private investor programs which can help you get your business funded.
Either way, this is just the second strategy out of the 30 we will be discussing over the next few weeks, so be sure to check out the next small business funding strategy that will come our shortly.
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