The Alpha M. Podcast
Finding Money To Start A Business and Selling For $235 Million?
Aug 10, 2020
Discover effective strategies for raising capital to start a business, from personal investments to angel investors. Explore what makes companies appealing for acquisition and how to value your own business. Learn about the intricacies of franchising with relatable examples, and hear insights into selling a company for staggering profits. Delve into personal experiences of entrepreneurship, including challenges faced and lessons learned from past ventures. These engaging discussions blend humor and valuable advice for aspiring entrepreneurs.
43:41
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Quick takeaways
- Securing funding through personal savings, loans, or family contributions is crucial for launching a successful business.
- Understanding equity and company valuation is essential for entrepreneurs considering investment opportunities or potential sale of their business.
Deep dives
Finding Funding for Your Business
To successfully launch a business, securing the necessary funding is crucial. Entrepreneurs might begin by leveraging personal savings or minimal capital, as seen with a startup needing just $3,000 for initial product orders. Alternatively, using money from friends and family can be a viable option, with some accepting the risks involved, similar to how notable figures like Damon John raised funds from their parents. Additionally, small business loans from local banks or controlling credit scores to access personal credit cards can provide financial backing, emphasizing the importance of responsible credit management.
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