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The anthem of a start-up business: “Show me the money!”

Every now and then a Hollywood movie provides more than just entertainment.  “Show me the money!”, the famous catch line from the 1996 movie “Jerry Maguire“, is an apt anthem for many new start-up businesses.

I recently attended a conference where the challenges facing new start-up businesses were front and centre.  Every new start-up business begins with an idea.  Often, the personal finances of those involved in the start-up are the only source of financing available to the start-up.  For a period of time this may be sufficient, but eventually, the development and growth of the start-up requires additional sources of financing. 

That’s where traditional sources of financing (such as banks and credit unions), and non-traditional sources of financing such as an angel financer (an individual willing to personally finance the business), government programs, or venture funds may be able to step in to fill the void.  The type of business, the industry, the potential for growth of the start-up, the sophistication of the start-up’s management team, how soon the start-up is able to take its idea to the market, and the type of financer involved will all impact the ability of a start-up to gain access to additional funds.

For some start-ups, just getting in contact with these additional potential sources of financing can be difficult.  Sometimes, a lawyer and the rest of the professional team of advisors involved in a start-up’s business can be a great way for a  start-up to get in touch with what may turn out to be the right additional source of financing needed to make the start-up’s idea reality.

January 26, 2010 - Posted by Brant Harvey | Corporate Information | Corporate Information, Incorporation, New Businesses, Small Business