There are a lot of ingredients that go into starting a new business. It’s part creativity, a splash of grit, and a whole lot of determination. Even with all that, most business owners know that there’s still one thing you can’t go without: financing.
Startup costs vary greatly, depending on the type of business you’re launching. But whether you need $1,000 or $100,000, you need access to some amount of capital in order to open your doors.
Where do you find that money? Should you dig through your old jacket and pants pockets? Turn your couch cushions upside down? Finally cash in that jar that’s been collecting all of your loose change? Pursue more traditional business funding options like business loans or grants?
Well, yes to all of the above. But there’s one more approach that you should check out: crowdfunding.