Of course money is a big question when it comes to business. How do you fund your big ideas? Plus how do you get by before your business is paying you enough?
4 Places to Check Out
- Learn how to manage the in-between times (before it’s working).
- Ask your local small business center (find yours here) about grants, loans, and other ways they can help you.
- Consider raising money online through crowdfunding. See: Introduction to Crowdfunding
- Get answers to money worries and other worries about self-employment here.
Before you give up due to “no money”:
Before you dismiss your idea with the no-money excuse, at least find out what will it take to make it viable. Crunch the numbers.
Maybe you’ll find that your idea will pay for itself faster than you think. Maybe the numbers will look so enticing that people will show up to fund it.
If you’re not writing it on your own with some business planning tools, get professional help to sketch out a plan. Look for someone who understands money, such as a business accountant or small business counselor.