2017-05-16 11:29:37Self EmployedEnglishWe've identified some of the signs that you might need some financial guidance as a self-employed person, and it might pay to meet with an...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/05/Self-Employed-Man-Taking-Financial-Notes.jpghttps://quickbooks.intuit.com/ca/resources/self-employed/how-to-know-you-need-financial-guidance/How to Know You Need Financial Guidance

How to Know You Need Financial Guidance

1 min read

Are you an entrepreneur with a great startup idea you believe has never been done before? If so, seeking adventure capital might bring you the funding you need.

What Is Adventure Capital?

Similar to venture capital, adventure capital is funding that startup founders, small business owners and entrepreneurs receive when starting a new venture. What distinguishes adventure capital from venture capital is that you need it at the start of your project. Adventure capital is often connected with untested projects. And you’re more likely to receive adventure capital for startups involving humanitarian aid and development.

Are you working on a project such as creating the first social media platform for an underserved segment of the world’s population? Or is your company interested in developing a new product to help people in another country? Adventure capitalists could be your key funding source.

Adventure Capitalist Defined

An adventure capitalist is someone who invests in projects that traditional venture capitalists consider too risky for their funding. Finding this type of capitalist is harder than locating venture capitalists, and they may make a smaller investment than the typical venture capitalist because of the higher risk. Adventure capitalists are looking for exciting, innovative and unique business ventures, and they get involved at the earliest stages of a startup. Like venture capitalists, they offer industry knowledge, business management and marketing experience, and strong networks of support.

Potential Sources of Adventure Capital

As of 2018, most venture capital market activity takes place in Quebec and Ontario, with efforts to boost activity in areas including Vancouver and Alberta. Entities such as Brightspark Ventures and Business Development Bank of Canada (BDC) may help you connect with adventure capitalists and offer financial opportunities as you look for individual investors and adventure capitalists during your early stages of project development.

Once you secure the adventure capital funding you need, accounting for it properly is a crucial element of your startup’s success. What software package can you trust for doing the job? 4.3 million customers use QuickBooks. Join them today to help your business thrive for free.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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