The $100 MBA Show MBA1235 Q&A Wednesday: Should I get funding before I launch?
You want to launch a business. Should you bootstrap down and go lean, or take a hefty investment from an outside source?
It’s Q&A Wednesday, and one of our listeners is pondering whether to take money from an investor or bank. Is a pile of outside money a launching pad, or a trap? Is it wise to take money before getting proof of concept, or silly to turn perfectly good dollars away?
Today, we explain why it isn’t so easy to get money for a business idea — and why it might not be as desirable as you think. We also discuss how to convince investors or lenders to back you, it that’s indeed what you want to do.
It’s a tough decision, and one that’ll determine the course of your business. Click Play!
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