64. Buying a Business: Raising Funds

Brad Sugars offers insight into how to raise funds for buying a business, how to successfully raise the funds and the different options available to raise funds. He cautions that all businesses will not get funding or financed, simply because of the underlying fundamentals of some types of businesses. He stresses the importance of focusing on people first over business ideas, and suggests thinking beyond the circle of “family and friends” for financing and investment. He also suggests your own savings for working capital versus business financing, and offers a number of other suggestions for raising capital, including banks and venture capitalists.