Q&A: “What’s the downside of getting funded?”
In today’s episode, we help a catering business owner weigh the risks of taking outside funding to grow her business. Learn about the potential downsides, from financial pressure to loss of control, and how to make the best decision.
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Episode 2936
Welcome to Side Hustle School, where we answer your questions and help you build a better business. Today’s question comes from Lauren in Nashville, who runs a small catering business. She’s thinking about taking on outside funding to upgrade her kitchen equipment and hire staff, but she’s nervous about the risks. We’ll explore the hidden pitfalls of outside funding and how to make the best decision for her growing business."Hi, this is Lauren from Nashville. I run a small catering business, and I’ve been listening to your show for the past six months—it’s been a huge help as I’ve been figuring things out! Here’s my question: I’m considering taking on outside funding to upgrade my kitchen equipment and hire a few more staff, but I’m nervous. I’ve heard horror stories about people losing control of their business or getting overwhelmed by debt. What are the hidden risks of taking outside funding? I want to make sure I’m not getting into something I’ll regret."Listen to today's episode to learn more... Yours in the revolution,
