Creative Financing for Entrepreneurs
This month on Entrepreneur.com Tom Nawrocki writes about Creative Financing.
With so many experienced, capable people getting cut loose by corporate employers, there has never been a larger pool of potential entrepreneurs. But with the implosion of so many banks and the continuing credit crunch, there has also never been a tougher time to find financing for a startup. So those looking to launch a small business have to be creative when looking for funding.
Nawrocki outlines all the usual suspects – grants, micro-loans, local incubator/accelerator groups – but also singles out business plan competitions like New Ventures BC as a great funding source.
Keep in mind that often more important than the prize money is the opportunity to get your creative ideas in front of venture capitalists, angel investors and other potential financing sources.
July 5th, 2009 at 8:09 pm
It is true that there’s a large pool potential entrepreneurs who are looking for an opportunity to bring their ideas to the market. And yes, it is difficult for someone who have a great ideas but no financial capacity to start up. I wish, New Ventures BC will soon launch another business plan competition for individuals who may brought new innovative products. New Ventures BC would be a part of new Entrepreneurs’ dream and hope.