Here's 6 ways to fund your small business

Question: Hey Steve – I am fairly new to business. I started on a shoestring but now I could use some money – for marketing, operations, and so on. But I hear that banks really don’t lend to new businesses like mine, so what does a guy like me do? – Markus 

Answer: In my book, "The Small Business Bible," I have a whole section devoted to unexpected funding options where entrepreneurs can find the money that they need. The good news is that there are actually quite a few possibilities. 

Here are six of my favorites: 

1. Business plan competitions

Example: Entries just closed for the New York Public Library business plan competition where NYC residents can win up to $15,000, free. Business plan competitions like this one happen all over the country because cities and organizations want to encourage startups, and reap the benefits of having an entrepreneurial economy. 

Read more...


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