developmental Module2-Other Sources of Financing

Presenter: Andrew Earnshaw

One of the most challenging things when a person is starting a business is finding the money, the financing to get them started. Generally speaking, we see a lot of people who start small businesses go to the bank, they might find someone like a community future's office in their community. If they can't get money from there, they tend to give up. Which is too bad, because there is a lot more sources of financing out there.

In your course materials, you'll see a list there, and I'd like to go down that list and just talk about what we mean by a few of these sources of financing.

My favourite, love money. Love money is one you probably thought of yourself. I just want to discuss it briefly, because we're going to talk a little bit later about what investors look at when they decide whether they want to give you money to start a business. Well, all investors think about those things except this one category. This is the category of people that say, "I love you, therefore I'll give you some money to start your business." Which is great. Lots and lots of businesses get started with money from friends, family, etc., etc. There's a catch with love money, though. You want to make sure you can go home for Christmas. If Mom and Dad don't make it, if they pass away before you finish paying off your business loan, you want to make sure you still have an ongoing relationship with your brothers and sisters. Love money is tricky in terms of relationship. If you get money from friends or from family, it's really important that you have something in writing that clearly defines the terms. It's not, you thought it was a gift and they thought it was a loan. I've seen that a couple of times in businesses that I've worked with. Just make sure that the lines of communication are clear and that you understand how much is being loaned, is there interest, is there not interest, when did we agree to pay it back, etc. etc.

The source of financing is so rarely considered for small businesses, and I find increasingly that that's it's a great loss, is angel investors.

An angel is somebody that has excess cash that is interested in making investment in small business. This is a person that's saying, "I like small business. I think it will be great to help out this person get going. I might even like to be a venturer for them, give them advice based on the years of experience I have in business, and I'm willing to make an investment that's an equity investment that pays off for me if this business succeeds, so I become in some sense a partner you often hear the term "a silent partner" in this business venture.

It's a real challenge for folks to think about where they would find an angel investor. Most people kind of think do I have do I know any friends that have that kind of money? Oh, I don't? Oh, okay, well, I'm out of luck.

But if you think a little deeper about the business you're in, there's usually angels in the circle of the industry that you're participating in that are interested in the kind of things that you're doing. Let's say you developed some clever attachment for a backhoe. Well, is there someone in your town that has a really successful equipment retail dealership, and you know they've been in business for many many years and they're probably quite successful. They might think it's kind of a neat thing to get involved and put a few thousand dollars or a few tens of thousands of dollars on the line to help someone like you get started. Or maybe you've got a company that's going to have that's going to provide a service to you that you're going to be a customer for, like, say, a powder coating outfit...

Find the rest of this transcript at http://www.businessabilities.ca/?q=vi...

developmental Module2-Other Sources of Financing
1 Likes	1 Dislikes
304 views views	73 followers
Education	Upload TimePublished on 20 Jul 2011

Related keywords

small town crime,website speed test,small hotels,webkinz,engine overhauling,sources.list debian 7,coaching vs mentoring,sources.list debian 8,photoshop cc,sources.list debian 9,webadvisor,searching filme,websites like airbnb,assistance to municipalities logo,designer shoes,training significado,certificate of conformity,search engine marketing,course la parisienne,training with hinako,programmazione sky sport,search console google,programmazione sky,sources tradução,otherhood,sources de memes,smallville,coaching programs,planeta tierra,website archive,smallpox,writing traduccion,course odyssea,online santander,cs50 plantronics,assistance meaning,assistance to municipalities,business letter format,website atm,programmazione tv oggi,training point,writing an essay,otherside lyrics,otherhood netflix,business license,off white,training deporte,optimization problems with solutions,smalltown boy,optimization in the use of factors of production,learn russian,engineering logo,site centers,sources.list debian,learn turkish,dreamweaver meaning,course des héros,online2pdf,engineering materials,learning french,website,website traffic,dreamweaver cc,photoshop actions,optimization analysis,developmental delay icd 10,cs500xd,courses longchamp,coaching synonym,design space,sitel,course du jour,search by image,small heath,learning turkish,learning to fly,learn colors,small soldiers,other half brewery,sources.list ubuntu 18.04,sources.list ubuntu,photoshop alternatives,financing a pool,training camp,planetas,design within reach,courses en ligne,training wheels,certificate tilde,writing en ingles,business administration,learnenglishteens,coaching actuaries,assistance abbreviation,optimization techniques,developmental delay,online banking personas,engineering college,optimization meaning,business cards,other stories,searching,photoshop app,course à pied paris,course pmu,learning agreement,writing prompts,coaching certification,siteimprove,other mothers,certificate of good standing,webster,training mask,writing and improve,engineering staff college,online soccer manager,developmental dysplasia of the hip,assistance to nationals dfa,courses columbia,courses in new york,ofertas coto,writing to reach you,business analyst salary,course 10km paris,otherworld,dreamweaver free,dreamweaver alternative,certificate authority,courses monoprix,optimization of energy,sources.list,certificate of deposit,assistance synonyms,designer handbags,online banking hsbc,programmi tv 8,business insider,smaller,business casual women,smallville actores,optimization of energy systems,online banking banco galicia,learn ne demek,designing women,courses meaning,courses plus,dreamweaver online,optimization economics,oficina anticorrupcion,development definition,assistance dogs,planos de casas,office 365,writing an email,training que es,search engine,ofertas carrefour,coaching skills,designated survivor 60 days,small faces,photoshop scratch disk full,source sans pro,photoshop tutorials,assistance letter,sitemail,financing a house,assistance to nationals,learn english,training center garmin,certificate of achievement,learning ne demek,courses near me,developmental milestones,online banking icbc,learning resources,planes movistar,learning german,learn english online,course sniper,smallpdf,courses u,plantas,engineering subjects,webmd,designer backpacks,certificate in advanced english,ofelia,course cycliste,programmi,coaching questions,website builder,business loans,weber grills,plan canje movistar,online banking empresas,designated survivor season 3 cast,assistant media,ofertas atomo,smallrig,learn french,site safety manager,programmazione tv8,small traduccion,certificate of employment,search modes,webster bank,cs533e,dreamweavers by marjorie evasco,cs50 sandbox,coursera,sources of energy,office 2019,photoshop free,planetario,design essentials,coursestorm,search party,online banking,financing an rv,dreamweaver tutorial,financing tires,search for a cure,financing receivables,sources de caudalie,financing furniture,programmi rai 2,programmi rai 1,other side of heaven,business plan,sources list generator,sitemap,financing a mobile home,training gym,ofertas disco,ofertas coto hoy,designated survivor cast,other words for good,business professional,financing tesla model 3,courseulles sur mer,website builder free,certificate of authenticity,other words for beautiful,certificate template,photoshop free trial,online banking nacion,webex,financing calculator car,optimization in tagalog,plan cuna anses,cs55 precio,sourcesets gradle,writing a review,online banking frances,search twitter,certificate para el empleo,engineering institute,site definition,planeta gran dt,siteinspire,ofelia fernandez edad,search significado,plan progresar,financing vs leasing,learn2play,cs540-xd,design thinking,courses at brown,coaching jobs,search tradução,learning python,coaching systems,dreamweavers 1999 by fruto corre,optimization meaning in tagalog,financing activities,planisferio,business credit cards,training traduccion,sources chrétiennes,web store,coaching models,developmental theory,financing a boat,small talk,course paris versailles,dreamweaver 2019,learning strategies,programmazione italia 1,learning spanish,photoshop fails,sitetracker,cs50 harvard,other words for happy,programmi rai stasera,courses@brown,website blocker,weber grill parts,optimization definition,website templates,webtoon,engineering university school and college,engineer short form,website translator,cs50 reference,cs552 ricoh,photoshop download,site one,optimization calculus,writing skills,programmi tv domani,search www drama,courses in nyc,dreamweaver song,search engine optimization,site reliability engineer,other world computing,website maker,training force,dreamweaver templates free,training peaks,learn spanish,learning zone,business plan template,certificate mockup,programmazione cinema,business analyst,development academy,designated survivor,assistance on or in,ofertas dia,small world,website design,smallville serie,website creator,learnihongo,developmental disorders,learn color,other side of heaven 2,coaching leadership style,learning english bbc,programmi tv pomeriggio,learn german,courses for jobs,financing a car,business for sale,online banking rio,training wheels letra,coaching for transformation,other words for said,website development,learning management system,optimization problems,coaching definition,assistance to disadvantaged municipalities,optimization synonym,course moto gp,ofertas makro,developmental psychologist,course des princesses,photoshop brushes,optimization theory,business name generator,search www,optimization process,financing a used car,web of dreams,developmental pediatrics,developmental psychology,cs55 changan precio,course a pied,webassign,designer brands,website in spanish,website hosting,search and destroy,developmental disabilities,smalling,certificate en sap,programmazione cinema torino,writing on the wall,engineering drawing,cs540,onlinestore,programmazione dazn,engineering,coursesmart,cs50.io,smallfoot,developmental stages,developmental pathways,cs50 github,financing calculator,financing a tesla,training center,learning how to learn,learning,dreamweaver pros and cons,webroot,otherhood cast,small luxury hotels,certificate of completion,coaching shorts,dreamweaver free download for windows,plan chevrolet,photoshop price,cs5346-cqz,training wheels lyrics,cs55 luxury,planeta zenok,other words for love,engineer,certificate signing request,learning styles,coursesites,cs5 portable,writing fce,photoshop free download,website time machine,coaching styles,learning english voa,writing an article,courses of action,cs55 changan 2020,assistance is given to the individual,writing or writting,financing a motorcycle,online banking galicia,developmentally appropriate practice,site espn.com espn,planes personal,dreamweaver php,assistance to municipalities 2019 guidelines,optimization calculator,offliberty,dreamweaver templates,photoshop cs6,programmi tv,ofelia fernandez,sourcesets,sitecore,ofertas vea,photoshop cs2,online naranja,cs50,writing pet,photoshop elements 2019,learning apps,sourcesafe download,learning english,coaching quotes,cs50 que es,plantas de interior,financing definition,plan rombo,webcam,coaching philosophy,webmd symptom,learn python,designer bags,training shoes,designer belts,cs55,coaching resume,website name generator,search family,certificate of appreciation,coursesaver,online convert,dreamweaver cs6,dreamweaver cs5,learning english kids,webcrims,engine oil,financing land,coaching jobs near me,business casual men,search console,certificate degree,courses synonym,optimization tool,planeta empanada,assistance in tagalog,certificate of compliance,certificate of origin,assistance to municipalities 2019,optimization algorithms,coaching for leaders,business card holder,programmazione rai,developmental biology,training me,dreamweaver download,dreamweaver tutorial pdf,business insurance,writing exercises,designated survivor season 2,siteminder,sites like craigslist,designated survivor season 3,designated survivor season 4,online banking macro,certificate of incorporation,engineers australia,webstaurant,planes claro,online galicia,oftalmologo,coursesource,plan ovalo,courses online,small caps,training day,sources.list debian buster,site safety,course site lehigh,course paris,training shed,engineer meaning in bengali,programmazione canale 5,engineering university in bangladesh,learnenglishkids,otherwise,courses nyu,website down,siteground,search manager,office banking,sources must not be empty,assistance request letter,search icon,programmi rai sport,engineering mathematics,dreamweaver html,designer shoe warehouse,site safety llc,business casual,plan cuna cuando cobro,writing classics,design bundles,ofertas,other words for amazing,engineering mechanics,online audio converter,assistance quotes,assistance to individuals in crisis situation,developmental pediatrician,development synonym,sites like airbnb,online games,engineering institute of bangladesh,photoshop express,website checker,learning curve,writing about holidays,financing contingency,photoshop elements,developmental coordination disorder,sourcesafe,photoshop for ipad,programma tv stasera,business ideas,writing a report,course du chateau de vincennes,assistance in a sentence,writing correction code,otherkin,other people,photoshop online,engineering ethics,optimization problems examples,writing machine font,oficial gordillo,webmail,sitecompli,