Tue 9th Sep 2008, 19:10
some ways to get funds for your business
this is the most important question to be answered : from where and how will i get funds for my new venture or business ?
well here are some options that are available -
1.Personal resources - these are the personal resources available to one starting the business
2.Angel Investors - investors who want to invest in your business without charging a penny , one who get these are considered very fortunate
3.Unusual Sources - the person starting a business are in reach of some unusual sources but is not willing to tell to anybody else about these
4.Venture Capitalists - some capitalists are always available in the market to become a partner in your business venture
5.Public Offering - those who have a renowned image , can raise the funds by taking the company to be started as public , and the public willingly pays the money to become their shareholders
these are some methods available to a person while starting a business , if you know some other , please tell . SUGGESTIONS are always welcome....
Wed 10th Sep 2008, 00:21
I think that you've forgot to mention about banks and other creditors. Most start off by getting a bank loan to finance their business. This might be one of the hardest ways to finance your business start-up if you don't have a business plan. Generally, most bankers are skeptical to loan you money if you're young and inexperienced and especially if you're not too sure about your business. If you have a great business plan, however, then you will be able to prove to them that you'll be able to repay your loan.
Wed 10th Sep 2008, 07:04
Thanks for sharing that with us Sam.
Do you have any examples of what you refer to as "Unusual Sources"?
Thu 18th Sep 2008, 04:23
I've just watched Rain Man again so I would guess that "Unusual Sources" would be sources like winnings from the casino or horse racing. This I think would be quite unusual and uncommon because not many people can win consistently by gambling.
Inheritance and insurance payouts or even funds that are acquired through unscrupulous means might also belong to the category "Unusual Sources".
Thu 18th Sep 2008, 04:52
All these are important sources. But before approaching them, you must have a valid paper and all information regarding your business. You must be able to satisfy them on getting success in the business that you start. First plan out your business. Think why you need to start and try to work for it.
Thu 18th Sep 2008, 07:03
All are important sources but all have risks of their own. In my opinion public offerings is the best among the four....as risk are minium because their is limited liability with it...