FUNDING OPTIONS
Karl Dakin
I help you overcome challenges to raising capital. Take advantage of my Motivated Money Method to identify those investor candidates that are most likely to invest. Top expert in fundraising.
QUICK CALENDAR
TOMORROW, Tuesday, August 13, Successful Funding , 8 am MDT, LinkedIn Live – Eric Hanson
NEXT WEDNESDAY, August 14, Don Cohen show, 9 am MDT, LinkedIn Live
NEXT THURSDAY, Thursday, August 15, Community Revitalization , 8 am MDT, LinkedIn Live – Jeff Dangremond – Impact Investing in Communities
AUGUST 22, Community Revitalization , 8 am MDT, LinkedIn Live – Stephen Shaff – Community Engagement
?FUNDING POINT – FUNDING OPTIONS
?With more funding options, there is a higher chance of a match between a small business and a funding source.
Nerd Wallet stated in its 2024 Small Business Lending Report that 21% of small business owners considered “understanding all of the financing options” as their primary concern.
The simple answer would be for small business owners to educate themselves on all of the financing options.? I am not sure it’s even possible.
I often joke that I know more types of funding than some people have words for snow. My career experience, training, and open-ended, almost endless stream of news, professional publications, and conversations with financing experts do not allow me to understand all financing options. At best, I may be able to break down options by group or type. But that is a long way from knowing all options.
The capital market is in constant change. There are new deals, rates going up and down, new entries into the market offering startup discounts, funding sources sitting on money they need to put to work and a long list of other variables that makes knowing all of the funding sources impossible. And, creative minds are always working to come up with new solutions.
But, the real question is missing: “In reality, who has the time?”
A small business is challenged to be the best they can be with regard to making their product or service and brining it to market. An entrepreneur has to be a generalist with some minimal knowledge of many subjects. Successful businesses build teams to expand the knowledge that is available within the business. Rarely will this knowledge encompass more than a handful of funding options.
Aside from hiring a consultant or building a small business team of directors/managers and advisors, small businesses may engage their networks, their communities, economic development offices, chambers of commerce or industry organizations, and other supporters when considering funding to learn about what financing is available.
There is no good solution to this challenge. Each business should consider its financing needs within a three to five-year capital strategy. With this need in mind, it should continuously talk to common sources of financing about what they can offer and what else they might recommend. This capital strategy should be shared with all of their team and advisors to keep an eye open for suitable options. In any case, do not wait till the last minute. This will automatically limit the options.
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SUCCESSFUL FUNDING
TOMORROW, August 13, Eric Hanson will be my guest again on my Successful Funding show. Our topic of conversation will be “Getting to Yes.” We will discuss how to tip over an investor to provide funding.
You may register now to be in the audience at:
You may view recordings of all past Successful Funding shows at my LinkedIn profile under Events:
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领英推荐
RCI COMMUNITY FUNDS
As a member of this new company, I am working with a team of professionals to craft a new funding mechanism for revitalizing underserved communities.
THURSDAY, August 15, RCI Community Funds will host the Community Revitalization show at 8 am MDT on LinkedIn Live. Jeff Dangremond will be our guest as we discuss impact investing in communities.
You may register to be in the audience at:
AUGUST 22, RCI Community Funds will present the Community Revitalization show with Stephen Shaff of Community Vision as our guest.
You may register to be in the audience on LinkedIn at:
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DON COHEN SHOW
WEDNESDAY, I will be a guest on Don Cohen’s show, August 14 at 9 am MDT. We will be sharing tips on funding.
You may register to be in the audience at:
Don is my mentor and guru on using LinkedIn as a social media platform to build my brand and build my community of individuals and organizations who work like me to help small businesses and communities raise funding.
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?SUBSCRIBE
You may subscribe to this Weekly edition of my Instant Funding Newsletter, or you may subscribe to my Daily edition.
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Karl Dakin, the Capital Coach
Dakin Capital LLC
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I help you overcome challenges to raising capital. Take advantage of my Motivated Money Method to identify those investor candidates that are most likely to invest. Top expert in fundraising.
3 个月Do you know all of the funding options you need?