Data shows that women are the no.1 demographic in the UK and USA starting their own businesses. There are several reasons for this ranging from:
Flexibility and Work-Life Balance
Access to Resources and Support
Innovation and Market Opportunities
Even so, the challenges of funding a growing business remain very real. With less than 2% of VC funding going to women founders the route to scaling and exiting is extremely difficult and narrow.
If VC and angel funding are not happening, perhaps it is time to explore alternative funding options that can take your venture to new heights
Here are some innovative funding sources you should explore:
Crowdfunding: Leverage the power of the crowd by launching a campaign that attracts investors from all over the globe.
Revenue-Based Financing: Secure capital based on your business’s future revenue potential, making repayments more flexible.
Asset Finance: Acquire the equipment, machinery and other assets needed to operate without having to pay the full purchase price upfront.
Invoice Finance: leverage unpaid invoices to receive immediate payment from a lender.
Peer-to-Peer Lending: Obtain loans directly from individuals, cutting out the middleman and providing better interest rates.
Grants and Contests: Apply for grants or participate in contests that offer cash prizes to support your business. A number of web3 businesses via various blockchain protocol treasuries have taken this route.
Ultimately, It’s time to think outside the box and embrace alternative funding options that fuel your entrepreneurial spirit! Which alternative funding method are you intrigued to explore?
