I have a candle company that is growing organically but I need some capital to take the next step. I know about traditional fundraising for tech Startups (that's my background) but I feel like no one is helping small independent makers get the small capital they need to grow their business.
The best options for funding the expansion of small businesses are typically debt not equity simply because there's far lower investment appetite for investing in small businesses given the risk/reward ratio. If you haven't already done so, I'd encourage you to really exhaust all the government-funded or supported entrepreneur initiatives that might be available to you.
While they vary from country to country and area to area, there are a surprising number of programs that support different economic initiatives and often even more-so for women, minorities, young people etc.
If you have exhausted those opportunities, you might look at Kickstarter, IndieGoGo, or other online initiatives that could give you some enhanced cash-flow.
Typically, investors outside of friends and family, will want far too much of your business for far too little value (money only) so I would encourage you to think of equity investors as the last resort.
Best of luck.
Answered 10 years ago
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