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Funding/Business Supports (Alternative Methods to Raise Money (Debt…
Funding/Business Supports
Elevator Speech
Purpose
To address the potential business
Preparation Steps
3: Describe your Skills and/or Qualifications
4: Describe your Target Audience
2: Describe your Proposed Solution
1: Describe the Problem to be Solved
Duration
45 secs - 2 mins
Importance
Funding for New Venture
Necessity
Capital Investment
Long Product Development Cycles
Cash Flow Challenges
Alternative Methods to Raise Money
Creative Sources
Strategic Partners
Leasing
Grants
Personal Financing
Personal Funds
Family and Friends
Bootstrapping
Debt Financing
Factoring
Peer-To-Peer Lending
Crowdfunding
Vendor Credit
Banks
Equity Capital
Venture Capital
Initial Public Offerings
Business Angels
Bootstrapping
Definition
Find ways to avoid funding/external financing
Methods
Lease Equipment
Buy Used Equipment
Hire Interns
Advanced Payments
Coordinate Purchases
Avoid Unnecessary Spending
Buy Cheap Items
Share Office Space
Minimise Personal Spending