6/23/2021 Tip: The 5 Most Common Types of Funding | Growthink

6/23/2021 Tip: The 5 Most Common Types of Funding

Today’s Quote

“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”
~ Vince Lombardi

 

Today’s Tip

For the rest of this week, I’m going to talk about the 5 most common types of funding.

Today’s Source is: Funding from Personal Savings

Funding from personal savings is the most common type of funding for businesses. The two issues with this type of funding are 1) how much personal savings you have and 2) how much personal savings are you willing to risk.

In many cases, entrepreneurs and business owners prefer OPM, or “other people’s money.” The four funding sources below are all OPM sources.

 

Today’s Resource

Funding to Start & Grow Your Company

Do you need funding to start or grow your company?

If so, don’t go at it blindly.

Rather, you should use my proven funding strategy:

See how my funding strategy works <–

Yes, you can raise the money you need to start or grow your company.

But you need to raise it in a certain way.

Learn how here <–

 

Trivia

Today’s Question: When a Korean Air Lines flight was shot down after straying into the USSR’s prohibited airspace in 1983, President Reagan issued a directive making what technology available for civilian use?

Previous Question: What giant operates as “Asda” in the United Kingdom, Seiyu in Japan and “Best Price” in India, and is also the largest private employer in the world?

Answer: Wal-Mart

Sam Walton knew a good thing when he saw it, and just expanded on the idea.  He knew no matter where it was in the world, people would like being able to find everything in one place for a low price. 

 

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