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Best way to find funding for small business?

Veteran

Ryan Bardes Indianapolis, IN

As an EBV graduate and 'Innovative Business' award winner, I am seeking funding options for a mobile indoor cycling studio. My business plan is available upon request.
RyanBardes@gmail.com

25 November 2013 5 replies Small Business

Answers

Advisor

Herb Liberman Healdsburg, CA

A couple of thoughts regarding financing. Try crowd funding, which you can review on Google. A number of websites offer crowd funding. An SBA loan may be a direction. Many banks are makers of these loans. More than happy to review your business plan.

2 December 2013 Helpful answer

Veteran

Eric Miller Pueblo, CO

I agree Kickstarter is great, but consider Indieegogo. Kickstarter requires you to raise all of the funds toward your campaign to get the full funding. For example, if you want to raise $10,000 and only get 9,000 raised, you get zero. With Indiegogo however, you have a goal, but get whatever is raised. Here is a good comparison of these two. There are others in the crowdfunding realm. I've had several friends generate funds with successful campaigns on both. http://crowdfundingdojo.com/articles/kickstarter-vs-indiegogo-choosing-your-crowdfunding-platform

Advisor

Crystal Benton Alexandria, VA

Hi Ryan,
The Small Business Administration has programs specifically for vets starting small businesses:

http://www.sba.gov/offices/headquarters/ovbd/resources/160511
And
http://www.sba.gov/about-offices-content/1/2985

Hope this helps, thank you for your service,
Crystal

Advisor

Dario Dangelo Los Gatos, CA

Hi Ryan,
my favorite is Kickstarter .
http://www.kickstarter.com/hello?ref=nav
Best of luck.
- Dario -

Advisor

Tom Cal, CFA San Francisco, CA

Ryan,
I admire your entrepreneurial spirit.

Here is an interactive practical exercise. Read the discussion below. Perform your own research on these topics, then come back and teach us what you've learned. I think it will benefit you more to first self-discover the knowledge, and then come back and ask follow up questions.

The busies plan is I think critical. Who are competitors? Are there examples of other mobile operator sin the fitness industry. (Google mobile crossfit, mobile gym, etc.)

https://www.google.com/search?q=help+writing+a+business+plan

http://www.bing.com/search?q=mobile+crossfit+-alabama

A mentor from SCORE.org can also help you write a business plan.

SCORE.org

https://acp-advisornet.org/search?Search=crowdfunding

https://www.google.com/search?q=veteran+small+business+funding

https://www.google.com/search?q=veteran+crowdfunding

https://www.google.com/search?q=crowdfunding

small business funding

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