Forums: Discussions for entrepreneurs and small business.

Inventors and entrepreneurs with great ideas for business startups may be shocked when it comes to finding funds. The chasm between a startup idea and the consuming public is filled with product tests, meetings with venture capitalists and efforts at regional distribution. Unless you have personal finances to fund production and distribution, you will need to attract startup money for your new business. The key to drawing investors to your business is presenting your financial needs honestly. By maintaining transparency throughout the initial funding process, your business startup will be tested among industry experts before products ever reach consumers.

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How Can I Get a Loan

How would you go about raising money if your startup is not earning revenue yet?  What is the best approach?  Also, what do you do?  

 

 

 

 

 

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Dockstream, "Manage time better!"
Co-founder
http://www.Dockstream.com
http://www.Startupjourneys.com

Team dockstream,

There are a number of ways to bring capital into a company. Although the steps are similar for each method, the the specifics will vary.

The first key to success is to choose the right Capital Strategy for you , your team and the business.

Secondly, be prepared. Get Capital Ready.

The third key is to have (& follow) a plan that incorporates a proven process for identifying, approaching, engaging and converting your target capital sources into capital suppliers.

Good luck with your quest. If you want to discuss your specific situation, feel free to contact me directly.

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Agreed, they helped me out so much! It's always good practice to use all the resources available to you, you never know who will give you amazing ideas.

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First step is to sort out a solid business plan and then put it into action. Lenders or investors want to see that you know what you're doing before investing in you. It is difficult though especially in these tough economic times. My personal experience with banks is that they want to lend only when you don't need it, i.e. when the business is doing well and they know they'll get a return off of you.

If you are selling a product or service that allows for some door knocking I would get out and do that first to get some results to show.

 

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Unsecured Loans for start-ups