MBA2286 Q&A Wednesday: When should I secure funding for my business?
So you’re starting a business, and you’ll need some outside investment to really make it work. Where to seek funding is one problem — but just as important is when to seek funding.
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Show Notes
So you’re starting a business, and you’ll need some outside investment to really make it work. Where to seek funding is one problem — but just as important is when to seek funding.
Timing is everything when you’re asking for money!
No matter who the funding source is, you’ll have to convince them that you’re a good investment. And you can’t do that until you’ve gathered enough hard evidence that your product, systems, and team are viable. And that takes time.
But how much?
It’s Q&A Wednesday, and we’re helping one listener figure out when to start shopping for funding. By getting the timing right, you can not only increase your odds of hearing a “yes,” you can actually create more favorable terms.
Learn what you should have in place before you seek funding, and why a little patience can pay off in a very big way. Click Play!
To submit your questions, visit 100mba.net/q.
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