One of the most frequent questions I get as a mentor to entrepreneurs is "How do I find the money to start my business?" I always answer that there isn't any magic, and contrary to the popular myth, nobody is waiting in the wings to throw money at you, just because you have a new and exciting business idea.
How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question.
Angel investors generally focus on seed money—early investment for startups at early stages of growth—for amounts less than $1 million.
Building and launching a successful startup business today requires more than the ability to deliver a product; it requires a careful and calculated approach to financial management. If you have the perfect startup idea, here are a few things to keep in mind before you begin seeking out the necessary financing you need to get yourself started.
I'm seeing more and more marketing showing up about so-called crowd funding these days. Sorry, but no. Not yet. Reports of crowdfunding in the U.S. are, as of today, just wishful thinking.
There are some grants available even for one person shops, from cities, corporations and even non-profits for just your type of business, especially if you support a social cause, can employ more people, or help turn around a geographic area in need of upgrade.
While a lot of people may instantly think of startups being confined to the likes of Silicon Valley and Canada, the world of enterprise has a far wider reach than first meets the eye.
You’ve gotta spend money to make money. It might be a tired old cliche, but when it comes to small businesses and startups, it...
Some businesses are built around a single idea. And sometimes that idea is just too small a slice of the big picture to be interesting to investors.
Finding and applying for business funding requires patience, time, and a lot of documentation. Depending on your financial situation, the amount of paperwork you need will vary. It will also depend on whether you are getting a conventional loan or an SBA loan.