You’ve Got Passion? Now, How Do You Fund it?
Experts Share Tips on How to Fund Your Passion
Every legacy-driven leader has a dream inside of him or her. However, defining the dream and bringing it to life is just the start. Now, how do you fund it? Funding is one of the most critical aspects of businesses, and often times, passion-driven leaders forget to focus on that piece first. In order for your business to thrive, be profitable and sustainable long-term, it is important to ensure that you have a sound financial strategy.
We are just a few days away from the Soar Community Summit and are excited to share tips with you from some of the powerful speakers, who will be at the conference, speaking about just this topic. Bliss Magazine got a chance to connect with Chintana Vann, President of VFOX Island Private Equity and Jason Howell, President & Fiduciary Wealth Adviser at the Jason Howell Company about “How to Fund Your Passion.”
Chintana shares tips on how to build revenue and a buzz:
- Tip 1: Become the subject matter expert (SME) on your passion, sell your knowledge, lecture or seminar.
- Tip 2: Sell your products, and exchange/barter your product and services with other entrepreneurs
- Tip 3: Create a business plan and the project pitch to raise funding from investors. Planning the phase of getting funding stage.
Jason suggests these:
- Tip 1: Start with your own disposable income – investors respect founders with “skin in the game”.
Tip 2: Do one thing very well – investors fund experts, not generalists.
- Tip 3: Stay humble – pretty much all ideas are creative; it’s the execution that makes them priceless.
Attend the SOAR Community Network Summit on May 6th and learn more about how to lead out of the box! The summit will be held at the Embassy Suites, 19000 Diagonal Road, Alexandria, Virginia. Tickets are available at www.soarcommunitynetwork.com. The SOAR Community Network is led by Mali Phonpadith. Learn more about Mali here.
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