Beyond self-funding: 3 ways to find money for your new business

Although it can seem simpler to invest your own money in a startup,  other funding sources are within reach for new small business owners.

Just ask Ami Kumordzie, CEO and founder of Sika Health, who raised $6.2 million from her personal network and her first round of venture capital (VC) funding.

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Fundraising is a skill you can learn

A combination of practicing her spiel, taking advice on how to better  convey her message, and creating documents to back up her pitch was a  recipe for success.

You learn from “no”

You come out ahead every time you ask for money, even if you don’t get funding, according to Kumordzie.

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Nurturing your relationships and communities are integral to  fundraising for your business because investors ultimately say yes to you.

People invest in people, not companies


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