Contrary to what most small business owners think, financing a business is not rocket science. In fact, there are only three main ways to do it: via debt, equity or what I call “do it yourself” financing.
Each method comes with benefits and drawbacks you should be aware of. At various stages in your business’s life cycle, one or more of these methods may be appropriate. Therefore, a thorough understanding of each method is important if you think you may ever need to secure financing for your business.
