You’ve started to freelance. You have some money coming in from freelancing. You’re now ready to grow your business and take it to the next level. You just have one problem. This is the same problem that practically every single human being on this planet faces.
You don’t have enough money to get to the next level with your freelancing business.
You can write a 100 word business proposal and beg the bank for money — or you can be a rebel and find unconventional financing for your freelancing business.
What are the unconventional financing options for your freelancing business?
(Caution: These are very risky!)
Friends and family.
I don’t even know where to start with this one. If you firmly believe in your idea, are willing to go all the way, and have nobody else to ask, you can always BEG your family and friends for money.
This depends directly on your relationships with each person and how much money they have. If you have a proven track record and possess a unique drive, your friends might be willing to help you out.
If you don’t ask the answer is always no. While risky, and even worse, could lead to some hurt feelings, if you really want to grow your business you might have to swallow your pride and ask your buddy to borrow money.
Your credit card.
I’m going to get a lot of negative press for this statement, but here it goes…
Credit cards don’t ask any questions.
A credit card comes with a high interest rate and could EASILY ruin your financial future.
The truth is that if you have nowhere else to turn and really want to grow, you can turn to your credit card. Just please remember that you absolutely have to put the work in if you use money from your credit card to attempt to grow your business.
These are all risky financing options. I wouldn’t recommend any of these ideas if you’re not willing to work and are 100% behind your business idea. Oh and you also need to have major balls to seek out unconventional financing.
What’s the most unconventional way that you found financing?