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P M A R T I N C A . C O M
6 R E L I A B L E W A Y S T OF U N D Y O U R B U S I N E S SB Y P A U L M A R T I N C H A R T E R E D A C C O U N T A N T
HOW AND WHEREDO I F IND THE
MONEY TO START?
P M A R T I N C A . C OM
P A U L M A R T I N C H A R T E R E D A C C O U N T A N T
M O N E Y I S T H E L I F E B L O O D O FB U S I N E S S . I F Y O U D O N ' T H A V EE N O U G H C A P I T A L , Y O U W I L LH A V E A H A R D T I M E G E T T I N GS T A R T E D .
P M A R T I N C A . C O M
F I N A N C I N G O P T I O N S ( P R O S V S C O N S )
Here are some various financing options, including the pros and cons of each
option to help you.
P M A R T I N C A . C O M
OPTION #1PERSONAL SAVINGS
CONS
Self-funding is the most common way to
finance a business. Often, entrepreneurs use
their hard-earned personal savings to start.
It may take a longer period
to save money and launch
your dream business
PROS You have control over your
money and the business is
yours alone
OPTION #2FAMILY & FRIENDS
CONS
Asking friends and family to help you fund
your business is also a good option to
consider.
Failure to meet expectations
can put your relationship with
them in jeopardy.
PROSIt is fast and easy. They can
give you enough time to pay off
what you borrowed.
OPTION #3PARTNERSHIPS
CONS
You can invite someone or a group of people
or a company who are willing to partner with
you to fund your business.
Business relationship can get a
little messy when partners are
not cooperating.
PROSCan increase investment and
can produce more business
ideas.
OPTION #4CROWDFUNDING
CONS
Crowdfunding has become popular because
of the many technological businesses that
have sprouted from it today.
The competition to find the
right investor is tight.
PROSThere are hundreds of
crowdfunding sites and
platforms today that you can
check out.
OPTION #5INVESTORS
CONS
You can also look for an affluent individual
who will help you fund the business.
It is not easy to find an investor.
PROSThere are cash-rich people out
there who are willing to invest
in certain business ventures.
OPTION #6BANK LOAN
CONS
This option is also the most common way to
finance a business.
There are a lot of requirements
that need to accomplish.
PROSCan provide enough money to
fund the business
If you are trying to figure out on where to find the
money for your business, you need a trusted business
advisor to guide you.
LAST NOTE
P M A R T I N C A . C O M
C O N T A C T U S A T ( 0 9 ) 5 7 6 4 1 6 6
We can help you with business planning and various accounting jobs. We can
guide you to find the right financing option for your business. Book an
appointment with us at www.pmartinca.com.
P A U L M A R T I N C H A R T E R E D A C C O U N T A N T
