There are many things to think about when starting a business. From the moment you comply with business licensing – to registering a business (LLC, Corporation, DBA, etc), it can be easy to overlook other aspects of starting a business.
Now this may be the case, but you should never disregard a suitable option for financing a business in Arizona. Finding the appropriate financing for your startup should be a top priority so here are the top 5 resources to get you started.
Quick Note: Every funding endeavor starts with a clear and concise business plan that clearly depicts your business. A business planning software can help you create that kind of business plan. Through video tutorials and business plan samples, you can effectively write one now specifically for funding.
One of the most effective ways to learn how to finance a business in Arizona is through this Startup Savant guide. The article outlines ten of the funding options you can consider for your business startup and provides information for each option.
The Arizona SBA provides a perfect resource guide for small businesses which it features an entire chapter on financing options for your small business. Not only that, this Arizona SBA guide provides other various forms of assistance for small businesses to get started immediately.
The Arizona Commerce Authority has a section dedicated to business startups. In this section, you can find the best resources specifically geared for startups, including capital resources. It also gives you a plethora of other resources including business networks, events, and tools that could make business life easier.
Angel investors in Arizona are also a great way to have your business financed. The Angel.co Arizona Angel Investors is a great place to start looking for an angel investor willing to put up the capital needed for your startup. In as much the same way as these individuals have also decided while forming their business, they are willing to help you, a fledgling entrepreneur as well.
Crowdfunding is a relatively new method of finding financing, but its popularity hasn’t blown up until recently because of the influence of social media. Crowdfunding is the method of funding your business by raising small sums of money from a large number of people through the internet. You can check out Kickstarter as a great place to start.
Unlike other aspects of starting a business in Arizona, looking for options in funding a business in Arizona does take time.
It is not something that you can rush as well, because it might backfire on your business by taking on debt or giving away too much equity.