Any ideas for funding and online business ...website building, advertising, products? Can anyone one help with some advice or founders you may recommend??
Congratulations on all that you have accomplished so far. I can't offer specific suggestions without much more information, I can offer some general comments:
1. In addition to the essentials of a sound idea/concept, solid plan and strong team-we've found that the three keys to success in acquiring capital for an early stage business are:
a. Choosing the right path or Capital Strategy. There are many possible ways to bring capital into a business. Selecting the best (right) one for you and the business will put you on the right road and give you answers to your "where" question.
b. Become Capital Ready. Have the right materials, documents, language and structure for your chosen strategy.
c. Have and execute your Capital Acquisition Plan. This plan should describe how you are going to reach the right capital sources while remaining compliant.
2 From our experience, I would expect that your initial capital support will come from within your "extended" network-so your acquisition plan should be focused on how to reach out to them, legally.
I hope this helps. If you would like to discuss your situation, feel free to contact me directly.
For business funding it depends on the amount. For big loans always prefer bank and for short term loans in United States you don't need to worry at all. Also all I would like to suggest that please have your business insured before going full flow.
Its depends upon your business that how much funds it need, if its 4 figure amount then payday loan is the best option for you otherwise if you need extra funds then there are many banks and lenders who are ready to invest in your business.
Thanks Robert for sharing the post. Your post is absolutely useful for brand spanking new business owner. I think, Crowd Funding is additionally the better for your business. Crowdfunding websites will assist you notice a community of little investors to fund your business, while not the risks of ancient finance.
Agree.For business Funding is must .Either its online funding or offline.Now online business funding is on boom and in trend.So its really a great opportunity for business owners.
Putting a business plan together for any potential investor is no small undertaking. The business link site in the UK had some good guides and templates (it’s now www.gov.uk), but I’d strongly consider getting some help to put your plan together. Some accountants and investors offer a free business plan review service which we found useful for an initial sense check of the first draft.
It will be worth checking if there are any local grants or schemes in the area that can help you get started; most of these in the UK appear to have dried up or are not worth the effort (as the grant is only small - about £500 in some areas).
If you’re considering venture capital or approaching angel investors, I’d seriously consider what you’ll have to give up as a share of your business to get this money and if there is the option to grow organically Vs the money and the knowledge you could get from a venture capitalist.
Should you be considering a loan of some sort, you may need to think about the risks of an equity loan as if the funding you require is substantial the lender may require some form of personal guarantee (which is usually your home or premises).