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The $100 MBA Show

MBA42 Ways to Fund Your Business

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 1 October 2014

⏱️ 9 minutes

🧾️ Download transcript

Summary

When you are getting started you might need some cash to get started. In this lesson you will learn some proven ways to fund your business. Let's get into it!

Transcript

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0:00.0

Heyo! Welcome to the $100 Rnbe show where business is served you like a hot sizzling skillet of fajitas

0:16.4

with our daily 10 minute business lessons for the real world.

0:20.2

I'm your host, your coach, your teacher, Omar Zinnholm. I'm also the co-founder of the $100 MBA, a complete

0:26.4

business training and community online. And today you will learn ways to fund your business. How do you actually find money to do this thing?

0:36.0

In this lesson we talk about funding, we talk about how to actually start your business with some money.

0:41.0

Let's get down to business.

0:43.0

All right, so how do you fund your business?

0:50.0

You want to start with this new business idea, you want to serve your audience but you need some

0:55.1

capital to get started. So there are a few ways you can fund your business and

0:58.9

today I'm going to talk about some of the ways I recommend. There's some other

1:02.4

ways I don't recommend and I'll also mention some of the ways I recommend. There's some other ways I don't recommend and I'll also

1:04.0

mention some of those too. The first way I recommend you fund your business is with your

1:08.9

own capital, your own money or savings. Now if you don't have a lot of money and savings that's

1:13.7

okay you can start to accumulate so you could take a look at your regular

1:17.0

expenses of the month and see if there's anything left over take that money

1:20.5

that's left over and throw it in your business fund.

1:22.8

So you know that within six months, within a year,

1:25.8

you'll have enough money to get started.

1:28.0

So using your own money is probably the safest and the most effective way to start a business and I'll tell you why.

1:34.5

So first of all it's your money so you don't have to answer to anybody but yourself.

1:38.0

Two when you're using your own money it's interest free.

1:41.3

You don't have to pay any interest you don't have to pay it back, it's not any debt,

...

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