Need Money For Your Company?
The private financial markets are dynamic and at times difficult to navigate. A report on the latest trends.
Inc.com:
Raising money may be one of the least appealing aspects of building a business. For most entrepreneurs, it involves a combination of begging, borrowing, and making countless PowerPoint presentations. And, of course, every investment comes with a price. Novel sources of funds have cropped up recently, sometimes bringing with them unusual conditions for making an investment. Deals are also being put together in new ways, and different industries are in fashion. Here are the trends that every entrepreneur should know.
The means by which most entrepreneurs finance their companies have changed markedly in recent years. In 2000, fully half of all small businesses were relying on credit cards for working capital, according to a survey by the National Small Business Association. This year, only 11% of businesses were financed that way, according to a similar survey. What happened? The housing boom. Higher home values combined with low interest rates gave homeowning entrepreneurs easy access to inexpensive lines of credit. Read more.
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