In order to start your own business, you need more than just passion...you need money! This Changes Things hosts Baker Machado and Hope King talk through a few different ways you can raise money to fund your dream business. For starters, you can go to the bank and ask for a loan or credit card line of credit. You can also request a small business grant from the government. In addition, you could negotiate an advance on services from a client you know is already interested in your work. However, if you want to do it a little more grassroots style many small businesses have had success on crowdfunding websites. Sign up for Kickstarter or GoFundMe to offer an incentive or product for donations.

Share:
More In Business
Earnings Breakdown for Options Traders
Cheddar News' reporter Angela Miles reports from the Cboe floor with Scott Bauer, CEO of the Prosper Trading Academy, to break down Apple, Moderna, and Datadog earnings for options traders.
Stretching Your Dollar: Understanding Life Insurance Loans
Tom McNeela, chief RIA solutions officer with RetireOne, joined Cheddar News to explain how people can use their life insurance policies for an emergency loan. "There's a lot of advantages and opportunities with permanent life insurance policy," he said, "if you have one, and there's cash value in there, you can take a loan out, and most of the time, it's a better rate than what you can get at your bank."
Load More