Cut Costs, Increase Equity, Own Your Own Space

Did you feel the sting of paying rent on a space you couldn’t use during the height of the pandemic?

 

For Laci Chisholm, founder of Fit4Dance, paying rent for 18 months for a studio she could not use made her realize she’s ready to own her own space. Laci wants to create some real roots in Brooklyn and own a building that she can use for her dance studio, to grow her future family, and to have tenants. This is her chance to create generational wealth and pay it forward to her community. 

 

Karen Cahn, Founder & CEO of IFundWomen, assures Laci that the hardest part is out of the way一she’s set on Crown Heights and knows that she wants to stay in the neighborhood for the foreseeable future. The next step is to do some research on what kind of insurance policies she needs and what the taxes are going to look like. Karen suggests that Laci tap into city and state grants for land ownership for people of color, plus she gives an overview of how venture capital funding can come into play here. They touch on some ideas for equity crowdfunding and discuss how to overcome the fear and shame around asking for money. Laci leaves the coaching session feeling ready for an IFW coaching call and a clear idea on how to get concrete numbers to make this dream into a reality. 

 

This episode was produced by Swell Podcasting & Sofia Badalamenti at IFundWomen

 

Host: Karen Cahn, Founder & CEO of IFundWomen

 

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