Where To Find The Money to Start Your Business? | How to start an equipment and party rental company


Manage episode 353245226 series 3300831
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In this podcast, hosts Xavier and Eddie discuss the various options available for funding an equipment rental business. They cover options such as borrowing from family and friends, personal or business loans, using personal savings, using personal credit cards, and seeking investors. Xavier and Eddie provide insights and tips on the pros and cons of each option, and stress the importance of careful consideration and understanding of one's goals and resources before making a decision. They also encourage listeners to seek advice from a financial professional to ensure that they are making the best decision for their business. They share some statistics like, according to the Small Business Administration, 7 out of 10 new business owners use personal savings to start their business, and in recent years, crowdfunding has become a popular option for entrepreneurs looking to secure funding. Join Xavier and Eddie as they explore the ins and outs of funding an equipment rental business and provide valuable insights on the best ways to secure funding.

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About The Host:

The hosts pull from their extensive experience of running an event rental business for over 3 years since 2019 and over 10 year of experience in the event industry. The rental business they run is called Kelly Rentals which grosses more then $1.75 millions (2022) in revenue a year. They Have 4 locations across two metroplex's in Texas (The Greater Austin and Dallas-Fort Worth Area). They also consult with over other event rental company around the country.

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Please Reach Out If you want our teams help to grow or start your rental business please do not hesitate to reach out to us here: xavier@xavierkelly.com

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