12 – Acquiring Capital
Raising Capital
Over the last few sessions, you have figured out the cost of starting and running your business. Most likely you’ll need money – also known as capital – to get started. But, unless you receive a surprise inheritance from a recently deceased uncle, you may not have much cash handy. Where will you get it?
Sources of Capital
Capital can come from a variety of sources, and the right one for you will depend on your particular situation and the kind f business you’re starting. As you read through the list, consider using multiple strategies to meet your funding goals.
- Yourself
- Your 401K
- Friends
- Family
- Non-bank Loans
- Asset-based Lending
- Formal Equity Investing
- Lines of Credit
- Bank Loans
- Crowdfunding
- Payday Loans
- Title Loans
- Pawn Shops
Each source of capital is a separate topic of this course. Come back to this lesson to complete the assignment after you have reviewed each topic. Complete the assignment before moving on. (You can either type directly on the fillable PDF and download it to your device or you can print the assignment, complete it by hand, scan or take a photo of it and then upload it below.)
Click here for the PDF of Assignment 12.1 – Acquiring Capital