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How to Ask for Money in 2025: What You Need to Apply for Grants, VC and Loans
Manage episode 456159890 series 3482746
İçerik High Vibe Cowork and Merchon Hargrave tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan High Vibe Cowork and Merchon Hargrave veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
Ep. 80 Want to Attract Funding for Your Business in 2025? Securing funding for your business doesn’t have to feel overwhelming. In this episode of High Vibe Table Talks, host Merchon Hargrave breaks down the different funding avenues—bank loans, grants, and venture capital—and the essential documents you’ll need to succeed in each application. Whether you're a solopreneur or small business owner, Merchon provides practical advice to help you prepare, demystify the process, and boost your chances of success.
✨ What You’ll Learn:
- Funding Avenues and Required Documents:
- Bank Loans: Bring your P&L statement, business plan, tax ID number, and personal identification.
- Grants: Be prepared with a P&L statement, a community impact statement, MWBE certification (if applicable), and a business plan.
- Venture Capitalists (VCs): Focus on growth and scalability with a P&L statement, business plan, proof of concept, and customer acquisition cost (CAC) analysis.
- Understanding Key Acronyms:
- P&L: Tracks your business’s profitability.
- MWBE: Certification for minority and women-owned businesses.
- SWOT: A tool to analyze your strengths, weaknesses, opportunities, and threats.
- ROI: Return on Investment: Measures profitability for investors.
- CAC: Customer Acquisition Cost: Tracks the cost of acquiring new customers.
- ARR/MRR: Annual Recurring Revenue / Monthly Recurring Revenue.
💡 Notable Quote:
"As my dad always says, there are three things you need in business: cash, cash, and cash."
This episode equips you with the tools to take control of your financial future and attract the funding your business deserves. Tune in to High Vibe Table Talks and start planning for financial success in 2025!
Chapters:
0:00:00 Preparing for Business Funding
0:01:58 MWBE Application
0:02:46 Bank Loans
0:03:21 Grants
0:10:34 Conducting a SWOT Analysis for Business Growth and Resilience
0:15:17 Understanding Key Business Acronyms for Entrepreneurs
0:21:46 Understanding Recurring Revenue and Churn for Business Growth
0:22:45 Empowering Business Growth Through Financial Exploration
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