Where to find money

Once you have exhausted your personal savings to support your business (which usually happens very quickly for a small entrepreneur), the next place to look to is other private sources of money. The term " financing from friends, family and fools" relates to the places where seed financing often comes from. A general list of financing sources is as follows:

Group A from this list includes private sources of equity. When you put your own money into your business, it is equity for your business, because it is money in exchange for a share of the business. There are often opportunities for new businesses to win money or seed capital with their ideas through business plan competitions, or obtain funding through receiving grants. This is all money that comes without obligation to another party.

Case Study - Financing with Personal Equity: The Udder Guy's Ice Cream Company