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8 strategies to fund your new business

Jennifer Lonoff Schiff | Nov. 4, 2014
Entrepreneurs and small business experts share their advice on the best ways to raise money to finance a new business or product.

8. Participate in a small business competition (aka a local Shark Tank-type event). "With the Shark Tank phenomenon sweeping the nation, more and more local city and state organizations are hosting events that allow businesses to pitch to [potential] investors and receive monetary prizes," says Nikki Hynek, CEO, Dollup Beauty, which sells stylish makeup organizers. "Our business recently competed in and won $12,000 in angel investments at an Invest In She event in Cedar Rapids, Iowa, by pitching our cosmetic accessory, the Dollup Case, to a panel of four investors," she continues. "Not only did we receive a monetary investment, but we were connected with investors who were willing to help us grow our business."


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