Entrepreneurship - Part 9: Financing Your Startup
Channel: tvlpodcast
Date: 2012-09-12

How will you finance your startup? This episode presents some thoughts on the issue of financing for entrepreneurs based on my own experience, including:

- Why bootstrapping your business with revenue finance is the best way to fund your own startup, if you can do it.

- The benefit of having some personal savings and no major financial commitments, if you want to start a business.

- The role that loans can play in funding your venture and how taking out loans for business is a far better use of debt than taking out loans for consumption items.
    
- Why selling equity in your company (taking investment from VC or others) is ultimately a very expensive way to fund your venture.
    
- Why Business Development Grants are never "free money" and have serious drawbacks.
    
- The importance of looking long and hard at whether you really need the money to get going. You probably don't need nearly as much as you think.