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.

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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

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You learn from “no”

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

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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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.

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.

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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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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