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Becoming self-employed without equity - What are the options?

02/15/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several options how to start your own business without equity.

1. Credit: Many banks offer loans with which you can finance yourself as a founder. The conditions can vary and proof of creditworthiness may also be required.

2. Business angels: business angels are investors who help entrepreneurs with their start-up. They provide support to the business in the form of financial backing, advice and networking.

3. Crowdfunding: crowdfunding is a way to raise capital through a platform on the internet. It is used to raise money for new products, projects or businesses.

4. Government funding: There are many government funding programs that can help entrepreneurs fund their startup.

5. Business plan competitions: there are many competitions where you can submit a business plan and win cash prizes. If the business plan is convincing, you can also find investors who will give you a hand.

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