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Side Hustle School

Ep. 2936 - Q&A: “What’s the downside of getting funded?”

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.83.3K Ratings

🗓️ 14 January 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

In today’s episode, we help a catering business owner weigh the risks of taking outside funding to grow her business. Learn about the potential downsides, from financial pressure to loss of control, and how to make the best decision.

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

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Transcript

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0:00.0

Shipstation helps you achieve exceptional shipping efficiency with a robust all-in-one order fulfillment

0:05.1

system. It integrates with over 180 popular e-commerce channels. Over 130,000 companies have used

0:11.4

ShipStation, and you can get a free 60-day trial. Just go to shipstation.com and use Code Hustle.

0:17.4

That's shipstation.com code hustle.

0:22.4

Lemonada.

0:27.1

Here's an interesting question for you. What's the downside of getting a lot of money?

0:35.9

Well, it's not quite like that. It's more like what's the

0:37.9

downside of getting funded or seeking funding for your business idea. In today's episode,

0:43.6

we help a catering business owner weigh the risks of taking outside funding to grow her business.

0:48.5

That's kind of what it comes down to. It's not just free money. If it was always free money,

0:51.7

that would be wonderful. But there are some potential

0:54.2

downsides from financial pressure to loss of control. And let's talk about how she might be able to

0:59.2

make the best decision. Welcome, friends. I'm Chris Gillibow, your host of side hustle school,

1:04.4

bringing you daily episodes throughout the year, seven days a week, 365 days this year to be

1:09.7

precise. So excited to serve our global community

1:12.6

of side hustlers, aspirational small business owners, anybody who just wants to make extra money

1:17.2

without quitting your job. You're the one I make this show for. And if you're busy,

1:20.9

that's even better because we try to keep things tight, action-packed in less than 10 minutes.

1:25.5

Today's question, as noted, what's the downside of getting

1:27.9

funding, detailed version, and my answer coming right up.

1:34.0

Side Usul School is brought to you by BetterHelp. You know what? Life isn't about resolutions

1:39.1

that fade by February. It's about setting intentions, setting goals, and crafting your life in a way that supports

...

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