7 BEST WAYS TO FUND YOUR START UP - Editedh

“7 BEST WAYS TO FUND YOUR START UP’’
Well, seeking a job? Why not become a job provider? It is obvious that you must have thought
about to start your own business and become a successful entrepreneur, yes idea is pretty
good!!! But here you are not done with it and before you can put your idea to reality, money is
all you need. Obviously, how can you ignite a stove without using any ignition source? Right?
Okay, no need to worry about it, here are some workable plans to fund your startups, let's talk
about these.
1) Use your savings (self-funded):
Why look for others? When help is at your own hand. The best way of funding for startups
is your own savings. Statistics prove that 90 percent of the businesses are free from startup
business loans and these are self-funded. Taking an initiative free of startup business loans
is not that easy, it demands you to be a man of actions but, still, advantages of self-funded
business are fruitful enough, at least, you don't have to worry about returning loans and
stuff. Self-funded startups might take you bit longer to work with your plans but this can
give all control to your hands because when money is yours, you are the king of your
empire!!
2) Turn to your friends and family:
World is full of selfish people, you might find some people ready funding for startups but
when it comes to some professional investor, obviously there are some commitments for
payback as well as there are some terms and conditions associated with these investors, so
better pitch your needs to your family members and friends and simply keep the outsiders
away. This way you may not need to worry about deadlines and other legal issues related to
startup business loans even, after all, we all surely have some good friends around those
can help with money when it comes to funding for startups.
3) Cash your idea:
You can never be a good entrepreneur if you don't have the guts to get your idea cashed, I
know it's too straight forward but sorry that's how it works! In the world of presentation,
you can present your idea to government and private firms to get funding for startups. Local
Governments have funds allocated to support innovative ideas so here is the best
opportunity to grab funding for startup of your business, this process might be long and
complex but at the end doesn’t give you reasons to worry about.
4) Looking for angel investors:
Let's talk about some business that requires proper funding for a startup, so what to do
now? Your dream of becoming an entrepreneur is in a big trouble when you can't get it
done with your own savings, help from family and friends and even no government
schemes to get your idea accepted. Still worrying is not the only option when you can refer
to the term ‘angel investor'. Angel investors are business individuals those provide startup
business loans or make a one-time investment to get your business established. Angel
investors provide more favorable terms as compared to other investors in the market since
their aim is to put your business on its legs rather than gaining profit from the business you
are starting. Life seems easy? Calm down you are done yet, like real angels, angel investors
are also not easy to find, you need falcon's eye to spot them. Here again what might help
you is the internet where you can look for angel investors online as these investors invest
through crowdfunding platforms online, you can also use local networking to find angel
investor related to the type of your industry and passion. Thank you all the angels!!
5) Join a startup incubator:
This is the safest way you can get funding for startups, these days if you are educated so
better make use of it, incubators are very popular these days, they are mostly associated
with universities, non-government organizations, and research institutes. Once they find
your business idea of their use, they are ready to jump in. let's discuss them in
detail!!...Looking for such incubators will cost you no more than few visits to their bases to
present your business details, and they provide resources to startups, including office space
and mentoring services but here a question that might be coming to your minds is that why
they are so good to us? If you are guessing of a charity then surely you are wrong this time!
Well, it’s always about a deal; they provide you all what you need in return for an equity
stake in your business. Although there are no direct exchanges of cash still an established
office and expert supervision can be proved significant for startup business plan.
6) Pledge or sell your assets:
Money is always a reason to worry about when it's about starting a business. You can do
nothing until and unless cash is in your hand, assets are no doubt to be used in extremely
difficult times but using them as funding for startups is not that bad option, at least you are
doing it for yourself, better using your own assets rather seeking for some startup business
loans that you need to pay-back at heavy interest rate. This plan is risky but sometimes you
have to go for it.
7) Bank loans:
Whenever discussing business startup plans, getting a business loan might be the first
thing to pop up in entrepreneur's brain. At the same time if the plan is to start an
organized medium scale business without any bank loan so better forget it! Getting
things done by bank loans are not that easy, you need to come up with detailed
research of the banks providing a loan at the least interest rate, after all, you need to
pay it back. In general, a bank loan is one of the most complex startups because it
requires strong credited history and existing assets. Alternate to this problem is to look
for some other lender communities with lenient loan policies, this may keep you safe
from vicious trap but one way or other sometimes a loan is the only option you are left
with.

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“7 BEST WAYS TO FUND YOUR START UP’’

1) Use your savings (self-funded):

3) Cash your idea:

4) Looking for angel investors:

5) Join a startup incubator:

6) Pledge or sell your assets:

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