- July 6, 2021
- Posted by: Stratford Team
- Category: Business
This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.
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You have what you’re convinced is a brilliant idea for a new business. Maybe you want to roll out a food truck that serves mouthwatering family favorites. Maybe you can picture a tutoring service that will help even the most-challenged students earn a high school diploma. Or maybe, with visions of Bill Gates dancing in your brain, you have developed a computer program that could rival Microsoft.
Trouble is, to make money, you need to spend money — and, right now, you don’t have money to spend. So how do you get the cash to cash in on your idea?
Well, there isn’t one way to finance a commercial endeavor. And the array of options, tailored to businesses based on their industries and potential growth, can be dizzying if you’re new to the game.