How To Fund Your Business Idea

Re: How To Fund Your Business Idea

you have to think about your target market then find out what is the demand for which product after that think about investment and profit these thoughts coming in my mind when i read your post

Re: How To Fund Your Business Idea

The only grants available these days to entrepreneurs are hard to find and most require some investment on the part of the business owner in order to qualify. Call your local small business development center to find out about available grants. you can combine funding from various sources to create a suitable package.

Re: How To Fund Your Business Idea

Another option would be if your personal or business credit rating is 600 or higher, then you might want to consider a short-term microloan from a peer-to-peer lending platform. With P2P lending, business owners submit a request for funding to the site including a short description of what the money will be used for as well as some of their current financial information. Individual investors then contribute small amounts of money until the desired loan amount has been reached.

Re: How To Fund Your Business Idea

Hi Gary,

P2P lending sounds really interesting. What are the best sites on the web to start researching this type of funding method?

Wouldn't peer to peer lending basically just be a form of crowd sourcing?

Re: How To Fund Your Business Idea

I really like your concept and logo, with your business name being catchy and most amusing.

Unfortunately I also doubt you will receive sponsorship. And with loans you have to pay them back but with interest.

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Re: How To Fund Your Business Idea

Getting Sponsorship is difficult path. For that better we can contact a bank for funding.

Re: How To Fund Your Business Idea

I am very interested in pursuing "crowd funding" however I have heard conflicting information about the legality of it.

One of the popular crowd funding sites that provided a utility for collecting funds from the crowd was contacted by the state securities division and forced to take that feature down.

Does anyone know what the latest laws are pertaining to this?

Thanks

Re: How To Fund Your Business Idea

Put up collateral. Depending on the size of the loan, you might offer your car, house or other type of property.

Re: How To Fund Your Business Idea

I help manage, we are trying to continue to build it and add new business opportunities and possibilites as we find them. In addition we have a large number of resources and how to's available to help get the business off the ground.

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Re: How To Fund Your Business Idea

Bootstrapping, family and friends rounds, angel investors, venture capital and crowdsourcing...there are a lot of ways to fund a company if you really want to be an entrepreneur.

But before you chase the greens, there are some things to consider.

First, ask yourself these seven questions before you ask for funding.

If you still want to pursue your idea, then you need to figure out which source of funding is right for you. Should You Pursue Venture Capital Or Bootstrap Your Company? Keep in mind, this decision depends largely on the type of business you're starting.

Re: How To Fund Your Business Idea

Great information, I was asked to give the audience a high level overview on the various sources of money for aspiring entrepreneurs. I began with the questions an individual should ask himself before deciding to seek funding. These are: how much money is needed? , how will the money be spent?,what will be the results?, are you willing to give some equity?, can you pay back a loan?

Re: How To Fund Your Business Idea

You can fund your business by bootstrapping, crowdfunding and getting other funding way like family and friends.

Thank you all for your insights on this topic. Often times you have a brilliant idea and you strongly feel that it will solve a particular problem for so many people. But you find that you have no resources to use.