Are you having a sure shot idea of billion-dollar business or a start-up, but what next you have to think of?
Many of you will start thinking about having a space, creating a good team, a website, a good platform to start from. Yes, it’s true you all of these things but most of you forget the most important thing to start a business, that is investment/money.
As the things you need to have for starting your own business have to be bought through money only as you need staff so you have pay them, you need space so need to pay rent too.
So before you make money through your business you need to put investment or have to get funding for your startup through its idea.
Here are some ways which can help you getting funding for your business:
Use what you have.
Before thinking about outside sources you should always use what you already have. It can be your savings or your FD which is already there in your bank as the big amount should always be invested yourself.
Include your friends and family.
You can always include your family and friends for any help
As these are the closest you can trust for the money matters and also who can trust your capability and idea.
Explore new funding sources.
There are many investors who just want invest their money in a good idea and make profit from them, so if you super confident about your business idea then you can search out for these kind of investment sources.
Take help from already established brands or businesses.
You can also try to find out new sources for the investment purpose such as already established companies who believe in helping other companies by funding them to grow and maintain a good relation with them.
You can also try taking a loan from a good bank. If you’ll take a loan from a bank that you will be in a pressure that you have to the money before the due date at any cost otherwise the guaranty product or property will be kept by the bank permanently.
Look for collaborations.
Collaboration’s with several companies (can be startups or established both) can also be the Other sources for arranging the amount for your business.
Door to Door marketing
You can look for door to door marketing (cheap as compared to other marketing methods) to several companies and the people who you thin might invest. This will help people to know you and organization personally and will help you getting funding from them.