Traditional Funding Options And My Venture: Case Study

Traditional Funding Options and My Venture
My Venture:
Looking back at my proposed feasibility plan, you will see that my idea of a live stream sports broadcast has been modified to a smaller scale production. To reiterate, the purpose of this strategy is to create a venture that I personally will be able to achieve when coming out of school. This idea can then progress over the years and thus move into the grander scale that I had originally proposed in the start.
Another note to understand about my feasibility plan, is that it encapsulated the idea of buying all new gear for production etc. Whereas, if we take into factors of the gear that I currently own and which can start the production, I would not need that full amount. However, for
Within the video explaining these strategies the individual had mentioned that equity is ideal for those who are worried about financial loss if the idea were to fail and the ability to get money without a previous history of success. However the cons for equity financing is that investors might ask for say over content you create or part ownership of the company. In terms of debt financing, you will retain full ownership of your company and pay back your loan as predictable payments. The cons here is that you risk the ability to make enough money to pay back the loan plus the interest. Debt financings main concern is that if your idea fails you owe the bank the money given plus interest on top of it. It is in my personal interest to choose a financial plan that would not make me go into debt, to ensure that if my idea doesn't have a big following that it won't cause me more pain in the future. This is a major reason why I have decided to pursue my idea on a smaller scale and continue to develop it in the
Attacking the method of using kickstarter or indiegogo might allow me to gain interest in the idea and build the framework of the live stream functionality that I am looking to implement (multi-camera). Alongside the crowd-funding, if I am able to find grants or government programs that can help further the financing this would be ideal. In the module we looked at we saw government programs such as the Business Development Bank of Canada. The BDC works under the jurisdiction of the federal government. One of the key takeaways was that they offer micro-loans which can go up to $25,000 as long as the applicant's business plan shows promise. This method is similar to the equity approach as the government holds equity within your business. This method allows for a more flexible loan plan and how individuals will pay them