How to Fund Your Small Business: 7 Ways to Raise Startup Capital
Written by MasterClass
Last updated: Jun 9, 2021 • 5 min read
One of the biggest challenges of building a successful small business is simply finding the money to get started. The vast majority of new business ventures fail, and lack of capital is one of the major reasons. How much money you need to launch a business venture, and where you should get it, are important questions that every entrepreneur has to answer.
Legends abound about scrappy entrepreneurs maxing out personal credit cards to build a prototype in the family garage. That route may be possible for some businesses, but as a modern entrepreneur, you have a number of financing options to consider. Which ones are right for you will depend on your business and ambitions.