What do you think is the Number One reason some entrepreneurs never turn their business opportunities into reality? They either do not have the money to buy the first tank of gas that gets the business off the starting line, or they run out of fuel halfway around the track and cannot take the business to the next level of growth. One of the most challenging aspects of being an entrepreneur is raising money to start the business, then to keep growing the business.

In Activity 6, you did an initial estimate of the possible start-up costs to launch your venture. These costs could be as small as $50 to start a window-washing or pet-sitting operation. However, the costs could mount up to $50,000 or more for a business that requires a retail location and start-up inventory. Almost any business you can think of requires some capital to get started.  

Your biggest decision as an entrepreneur is how you are going to get that start-up money. This is a highly individual decision, but absolutely necessary before you can sell even one “widget.”

However, there is good news. Over the years, young entrepreneurs have demonstrated countless ways to raise seed capital for their ventures. If they can do it, so can you!

Are you ready to learn more about raising money? Let’s go!

 

.