Where to Get Money for Your Business Idea

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man holding a purse with money closeup

man holding a purse with money closeup

By Maryalene LaPonsie

What do the local coffee shop, an Etsy store and Apple all have in common? They all needed start-up cash to get where they are today.

Recent estimates on the price of launching a new business are hard to find, but a 2009 study from the Kauffmann Foundation pegged the average cost at $30,000. Even online businesses, which can have relatively low costs, require capital for web design, product development and marketing.

While you could cash out your 401(k) or dip into personal savings to fund your business venture, here are other, potentially less risky options to consider.

Read the Full Article at money.usnews.com >>>>

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