Raising Money: You Can Do It Yourself


Jack Carrier, founder and CEO of eTag Art in Asheville, says his best advice for raising money is to make it yourself. Build the profit margin into your business, hire a great sales team, and put that main focus on profitability. He also suggests securing lines of credit when you don't need them just yet.

I would say the best practice for raising money is to make it. Have the profit margin built-in and, you know build a sales team and, you know, focus on profitability because you have to have that, that fuel to keep going. I've only, another bit of advice for raising money, I would say, try to secure loan money when you don't need it. Go ahead and get your lines of credit because when you're profitable and making money, you're more attractive to banks at that time, rather than when you're in the hole.

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