What It’s About

Is there any reason to not take funding for your business idea?

Notes from Chris

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…

SEE ALSO:

Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Download Episodes By Months:

Season 8 (2024): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 7 (2023): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 6 (2022): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 5 (2021): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 4 (2020): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 3 (2019): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 2 (2018): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

Season 1 (2017): JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |

What It’s About

Is there any reason to not take funding for your business idea?

Notes from Chris

Episode 2936

Resources

Q&A: “What’s the downside of getting funded?”