The following is a 3rd party contribution
In most business startups financing is usually a concern. Entrepreneurs are faced with a hard time trying to bring to life what they have envisioned for their startup. It can be disheartening when you compare all the beauty and greatness dreamed of and the limitations in access to funding.
However, just because funds are scarce doesn’t mean taking money from any source. Some sources of capital are incompatible with your business model and can wreak havoc to the startup.
There are institutions and individuals with zeal to see entrepreneurs transform ideas into success stories. In this article, we will point out some of the best sources of finance for an events business.
Family and friends
Apart from serving as a source of low-cost capital, they will also provide the required social proof for outside investors. When pitching this group, make sure you communicate the idea clearly enough to make them believe in you.
Even when they can’t provide large sums of money, they offer a valuable ingredient in startup funding. Most professional investors will be keen to see if the people closest to you believe in the proposed business. If they do, that could mean money flowing in towards your course.