2. Identify several other innovative ways that a prospective business owner might obtain several thousand dollars to help finance a new business.

Many people think about starting their own business but most do not.
The most common reason given is “I didn’t have enough money to get the business started.” It is true that many businesses require thousands of dollars just to open the doors and many thousands more to continue operations long enough to make a profit. And it is also true that most people who want to start a business do not have the personal savings, cannot find investors, and are unable to get a start-up loan from a bank.
Some creative entrepreneurs have found innovative ways to obtain the money they needed to start their businesses. Here are some examples.
Jon was able to start a lawn care business by bartering. He traded services with other businesses when he didn’t have enough money on hand to buy them. He provided an equal value of lawn care services in exchange for printing of brochures and business cards, legal expenses, and repair and maintenance of his equipment. He didn’t receive any cash for that work but also didn’t have to directly pay for those expenses.
Ervin had restored an antique car that had increased in value over the years. He sold the car for over $40,000, which he used to start a web design business. Ervin knew he would miss the car but felt the sale was worth it to be able to open his business.