When you first decide to strike out on your own and start a small business, one of the biggest initial challenges you will face is funding your new venture. There are lots of ways to finance a small business – including venture capital, angel investors, and business loans. Each of these come with their own pros and cons, of course, and you have to decide which one best aligns with your business goals.
If you decide that it’s important to your vision of your own business to maintain full creative control and not feel beholden to a few majority investors, it might be time to get creative. Your options will be different depending on the type of business you plan to start, but today we’ll look at a how a Minneapolis brewpub solved the funding riddle.