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5 Ways To Find Funding For Your Creative Business

Contributory

by | May 4, 2018

Running a business can be costly. And while not every company will have startup costs, depending on what you’re looking to do, the scale you want to start out on, and what your goals are, you may need money to get setup and running. But it’s not always easy to know what funding options are available to you, nor which would be the best route to take. When it comes to your creative business, it’s often going to be important for you to get things started in the right way. And when you don’t want to cut corners, you do need to make sure that you have everything in place that you need. So to help you with that, let’s take a look at what funding options you have for your creative business.

Bootstrap

The very first thing to consider is bootstrapping your business. Now, when you do need investment to begin with, this may not be right for you – but it could still work. If you’re willing to start off slowly and grow over time, you could make this work with very little investment. Or just the money that you’re making over time, by putting it right back into the business. This can often really work out for you if you start your business alongside your day job to begin with.

Personal Investment

If you do need to put some money upfront for things like your website or your hosting, then you may find that you can do this with a personal investment. Maybe you have some money in savings that is just waiting for a rainy day? Or maybe you have enough left from your paycheck this month to just go ahead and do it? When that’s the case and the amount isn’t a lot, then choosing to pay your own way right at the beginning is always an option.

Business Loan

But when you do need a substantial amount to get started, you may not be able to do it alone. So this is where the idea of small business loans can come in. Just make sure that you do your research on what’s available like https://Loans.USNews.com before you rush into anything. As you may find that you need to prepare a business plan in order to secure this.

Alternative Loan

But heading to the bank isn’t your only option. If you have equipment already, or you have another kind of asset, you may find that you can get a loan like http://EquifyLLC.com to secure the financing that you need. It’s always a great idea to compare all of your options and the rates and costs available before you make a decision.

Business Investor

Finally, you may also want to look into finding an investor. Luckily, there are lots of routes for doing this online. As long as you pull together a proper proposal, you should find that you can make lots of contacts to then see who might be interesting in giving you the investment that you need.

xoxo, Karmen K

***This page may contain links from paying affiliates. That means if you buy using the links you’re helping me continue to provide free content for this blog. I only recommend products & services I use and love. BT-dubs this is my affiliate disclaimer, cool?

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Karmen Kendrick Design Studio helps women entrepreneurs launch beautiful brands and strategic websites that attract, engage, and convert leads into bonafide clients.

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