Running out of money is one of the top reasons businesses fail. Using the ‘right’ money at the ‘right’ time can help you stay in business as well as accelerate your startup or growth. However, it can be tricky to know when you should self-fund your business and when you should look for sources of debt, grant or equity funding.
If you tend to default to building your business with your own savings, you’re not alone. According to a recent study by Women’s Enterprise Organizations of Canada (WEOC), 88% of women entrepreneurs feel confident managing their business finances, yet 78% hate owing money and 62% take pride in building their business without external sources of money.
There are times when it makes sense to self-fund your business, and there are times when it makes sense to leverage other peoples’ money.
On January 17 our Senior Director of Loans & Advisory Services, Melanie Rupp, will explore these different scenarios and answer common financing questions such as:
- What is the cost of using my own money to grow my business?
- Is it less risky to use my own money?
- Do I need to go into debt to grow my business?
- How do I know which funding sources are right for my own business?
Join us to learn how to match your business needs with the right kind of funding!
January 17, 2024 | 10am to 11am PT | Free WeCafé on Zoom
Open to everyone!
Facilitator: Melanie Rupp, Senior Director of Loans & Advisory Services, WeBC
Meet the Facilitator
Melanie Rupp, WeBC Senior Director, Loans & Advisory Services
Melanie Rupp has worked exclusively with women entrepreneurs as a Business Advisor for over 15 years. Melanie supports women entrepreneurs to build successful companies utilizing her years of banking experience in senior management roles in the areas of Commercial Banking, Risk Management, Operations, Marketing and Human Resources.
Melanie leads a team of knowledgeable business advisors and loan administration staff, oversees the loan portfolio and cultivates strong relationships with our lending partners. Her team supports women entrepreneurs in BC with business loans and advisory services, and responds to thousands of requests for information every year.
Melanie has an Executive MBA degree from Simon Fraser University, and has completed formal post-secondary education in sales and marketing management, and information technology.
In the community, Melanie is an active volunteer who has contributed her talents to many organizations including The Forum, Startup Canada, YWCA Metro Vancouver, the Minerva Foundation for BC Women, Vancouver Writers Festival and Canadian Pony Club.
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