Hi everyone, welcome back to the show. I'm Ryan Daniel Moran, and today I'm going to talk

to you about raising capital, specifically when you should consider raising capital. There's a lot of

information about how to raise capital if you're a tech company or if you're doing an acquisition.

But I work with entrepreneurs who are building million dollar businesses. I've helped hundreds

of people build seven figure businesses. I've helped a small percentage of them exit for

life-changing amounts of money. And there's very little about raising capital along the way

and at what stages of the business you could consider bringing on outside capital and why you

would even want to do that. One of the reasons why I want to share this with you is simply because

I want you to know what your options are. Most entrepreneurs, specifically solopreneurs, go out because they're trying to create freedom.

They have a dream, they have a vision, they want to create a different life for themselves and for their family.

They want to leave a legacy.

They might want to have a ridiculously lucrative exit over the next couple of years. And if you follow my work,

you know that I help entrepreneurs do that. There may come a day when you go to sell a business

for millions of dollars, but there will definitely come a day when you will be freaked out

in your business. And if you know what your options are

for funding a business, you can get through the difficult times with more ease. A lot of entrepreneurs

will go out on their own path and they see a hard time as a threat to their entire livelihood.

If you're building a business and funding the whole

thing yourself, one quarter that doesn't meet expectations, it can put you out of business,

but even worse, it can just wreak havoc on your mental state. Ask me how I know. If you go through

a three month or a six month period in which you have

a downtime or you're losing money, it can put you out of business, but it can also just put you in a

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