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Funding Your Small Business

Topic: Growing Your Business,News,Outlook,Small Business Marketing,Starting Your Business | Comments Off on Funding Your Small Business

Posted on January 4, 2012 by Working Point Team

Happy 2012 everyone, I hope the end of the last year was both productive and fruitful. As we enter the Year of the Dragon, I wanted to take a quick look at an area of interest for us here at WorkingPoint – funding and growing your small business.

The current environment is far from friendly to small businesses like our customers – cash is scarce and many business owners who have excellent credit and a great idea and unable to pursue their dreams because they can’t raise the capital required. Over at Entrepreneur.com they are doing a four part installment on the outlook for small businesses in 2012. I found this part interesting, especially regarding the increase in the usage of crowdfunding as a viable means to raise the cash you need, indeed “One business raised almost a $1 million from more than 13,500 backers in December 2010, setting a record.” Also of interest is the fact that more and more people are turning to small community banks for loans, eschewing the national chains.It is going to be a tough year from the look of things, but the general sentiment is that we are through the worst.

What do you think of the year to come? How are you raising funds this year to grow or start your business? Let us know in the comments.

Top Sources of Small-Business Financing in 2012 (Entrepreneur.com):  http://www.entrepreneur.com/article/222540 (Part 1: http://www.entrepreneur.com/article/222539)

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