Taking on financing is one of the most important activities when starting and growing any business. Cash serves as the fuel to keep your business going and understanding all of the options available to a small business can be a daunting task. There are numerous options in the market, and each comes with its own sets of opportunities and challenges. AV Consulting can help make sense of what option makes the most sense at your specific business stage and risk profile. In general, there are four main ways to finance your business:
Self or Family and Friends funding
Small business grants
See the graphic below for some examples of each, questions to help assess whether this funding is right for you, as well as some pros and cons of each type of funding. If you would like to further discuss the options available to your specific business, please reach out and we would love to help you navigate the next steps.