Startup Funding Espresso - What's the Game Plan for My Business?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.In considering a fundraise, think about your ultimate goal with the business. Are you building a business that will be your lifestyle business for the next 20 years, or are you building a business that you plan to sell for a sizeable gain? What\u2019s the exit plan for my business?\xa0 How do you see it ending up? What\u2019s the timeline for the business?\xa0 Is it a going concern for the next 5, 10, 15, 20 years? If you know the exit plan of your business and how long it will take, then funding the business becomes much easier to sort out. If you plan to keep the business as a cash flow machine for yourself, then revenue-based funding may be the way to fund it. If you plan to sell the business for a nice return, then equity funding will be a good option. If you don\u2019t need much funding, then you could cash flow it from revenue.\xa0 If you don\u2019t plan to sell the business and need a small amount of funding, you could take out a loan and after you pay it off you have the business free and clear for whatever you want to do. The key is to understand the overall game plan for the business and then decide how to fund it. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: | For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group