Elevate’s Post

Transcript

You're saying that? Not all businesses require an influx of capital to grow incrementally. Some do and some don't, and you need to know and explore what your options are. So it is possible to get creative in terms of bringing in grant funding. In my first year, I brought in over $250,000 in grant funding, which supplemented some of the capital that we needed to jumpstart our business. And there's also scenarios where you can launch a service model that can eventually end up funding the product, and sometimes you can't. Sometimes you absolutely need external capital because of the business model. And so it's more so about exploring your options and doing what makes sense for the business that you're launching rather than automatically jumping to, I need to go out and speak to investors.