283. Q&A: How To Fund Your Big Idea, When To Fund It And What Type Of Funding Is Best Suited To Your Offerings
Powerhouse Women
Lindsey Schwartz
4.9 • 912 Ratings
🗓️ 16 November 2021
⏱️ 32 minutes
🧾️ Download transcript
Summary
In today's Q&A episode, our COO Hannah and I are covering ways to fund your big idea! A lot of times, the biggest barrier to beginning a new business is funding. So we're answering your questions, giving you all a bunch of ideas on the types of funding you can seek out, when to seek out funding and how I fund Powerhouse Women!
In this episode we talk about:
- Types of funding you can seek out for your business
- What types of businesses are best suited for each type of funding
- At what stage in your business you should seek out funding
- How I fund Powerhouse Women!
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|| EPISODE TIMELINE ||
( :54 ) Welcome back to the Powerhouse Women podcast!
( 2:02 ) Today's topic was inspired by Lindsey's friend, Lori Harder, and is all about funding your big idea.
( 3:36 ) Hannah shares a bit about her background in real estate investing and how it ties into today's topic.
( 5:21 ) Evelia Flores asks, "How do you fund your dream project without breaking the bank" and Jessika Baker asks, "I have a really big idea that would require funding of 300k+. What's the best way to fund when you're still a startup business?"
( 20:24 ) @rachellhague on Instagram asks, "Did you get any grants when starting Powerhouse Women? How did you begin with funding?"
( 22:55 ) @mommahasgoals on Instagram asks, "Should you start your business idea small and then expand to investors or get people behind you from the start?
( 24:28 ) Christine Bello asks, "You're in massive debt and want to get out of it but also want to get your big idea out there. Do you do the smart thing and wait until your debt is less or do you just try small to get your idea out there?"
( 30:25 ) We are currently creating a series all about money! Stay tuned.
( 31:15 ) Text us your questions or topics you'd love to hear on the podcast to (602) 536-7829.
Transcript
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| 0:00.0 | I think when, and you and I talk about this a lot, you know, when we look at what can stop people from pursuing their big idea, I think lack of community and mentorship are two big ones. |
| 0:11.2 | We obviously address those, but lack of funding can also be a big barrier. |
| 0:18.5 | Welcome to Powerhouse Women, the podcast for women who know they are ready for more. |
| 0:25.3 | I'm Lindsay Schwartz, your host and the founder of Powerhouse Women, |
| 0:29.3 | and together we'll unlock the confidence and clarity you are looking for |
| 0:33.9 | to help you get out of your own way and into action around your next big idea. |
| 0:50.3 | Hey friends, welcome back to another Q&A episode. I have my lovely co-host and business partner, |
| 0:58.1 | Hannah, joining me today. And we are failing it. We just hosted our Powerhouse Women Mastermind |
| 1:04.6 | Retreat. What else did we do? We traveled to Atlanta for an event. We did. We traveled to |
| 1:09.9 | Atlanta for an event. We went to We traveled to Atlanta for an event. |
| 1:11.0 | We went to the founders event in Phoenix |
| 1:12.5 | after the mastermind retreat. |
| 1:14.3 | So we just had nine days of getting poured into, |
| 1:17.6 | but also pouring into other people. |
| 1:19.1 | So we are a little bit exhausted, |
| 1:21.5 | but like the good kind of exhausted. |
| 1:23.3 | Like soul, very full, mind kind of sleepy. |
| 1:27.8 | Mind kind of sleepy. |
| 1:29.1 | Body is actually feeling pretty good, I will say. |
| 1:32.5 | And it's just a reminder for all of you, as well as both of us, that when you're in those |
| 1:37.1 | seasons of a lot of production and a lot of showing up for people, plan in the extra time |
| 1:44.0 | to recover afterward, which I hope that |
... |
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