Raising Start-up Capital Easily

Raising Start-up Capital Easily

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  FINANCE AND INVESTING STRATEGIES: RAISING START-UP CAPITALEASILY
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  INTRODUCTION • Many peopledream of starting their own business • They often hesitate because they think they need a lot of money • They are also not sure how to raise the start-up capital they need • But it’s easier than you think, once you know how http://eternalspiralbooks.com/raising-start-up-capital 2
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  1-BUSINESS BASICS • Startwith the basics. What do you already: • Have • Do • Know • Network with • That can help you start the business, so the capital you do raise can help grow it? http://eternalspiralbooks.com/raising-start-up-capital 3
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  2-OPTIONS FOR RAISINGSTART-UP CAPITAL • There are many. It is a case of: • How much you need • Who you are willing to ask • How detailed your business plan is (if you have one!) • How promising (but realistic) your financial projections are • How comfortable you are talking about money, and about your ideas and business http://eternalspiralbooks.com/raising-start-up-capital 4
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  3-CROWDFUNDING OPTIONS • Crowdfundinghas become hugely popular online in the last few years as a way of aspiring small business owners being able to connect with like- minded people who support their goals and dreams and are willing to invest • No amount is too small or large • With larger amounts, you would usually offer to pay back with attractive incentives, such as a free item when your product comes off the assembly line http://eternalspiralbooks.com/raising-start-up-capital 5
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  4-BASIC BUSINESS PRACTICES •Once you get the money, you have to account for it • You also need to run the business properly through incorporating, to separate personal from professional • There will be costs in setting up an LLC, Limited Liability Company, but this protects both you and the business • You might need local licenses in order to do business in a physical location http://eternalspiralbooks.com/raising-start-up-capital 6
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  5-THE RULES OFWEALTH-BUILDING IN BUSINESS • There are some simple rules for wealth-building that can help you raise the kind of capital you need to grow your business‘ • In most cases, it will involve re-investing wisely • Don’t fritter away your profits as soon as they come in. Use them for more: • Marketing • New product development • And so on http://eternalspiralbooks.com/raising-start-up-capital 7
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  CONCLUSION • Raising start-upcapital when you have got no money in the bank to spare and only a great idea can be very daunting, but you’re not alone • Great companies like Apple were founded in someone’s garage on a shoestring • If you have the passion to succeed with your idea, get organized with a business plan and all your resources available, and make the most of them as you seek and find start-up capital http://eternalspiralbooks.com/raising-start-up-capital 8
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  FURTHER READING • Tolearn more, please visit: • http://eternalspiralbooks.com/ raising-start-up-capital/ http://eternalspiralbooks.com/raising-start-up-capital 9