There are many exciting and new adventures that come along with starting a business, but one aspect that may not be as exciting or may even be taunting, is finding ways to fund your company. Below are three ways to jumpstart your thinking on how you can fund your business:
1) Angel and seed investors.
Sometimes you find these people via the Internet, your personal network, or maybe you cornered Chris Sacca at his favorite coffee shop to pitch your idea. Regardless, your angel or seed investor is your go-to advisor whom you may compensate with equity in the company. Their network is always as rich as their net-worth, so take advantage of it. Angel investors can be found at websites such as Angel.co.
2) Crowdfunding websites.
Kickstarter, Indigogo, Gofundme, etc. We’ve all heard of these. Crowdfunding is a centralized way for startups to reach out to a large audience in their niche to make their prototypes or ideas a reality. In return, you not only create a community around your product, but you acquire your first users to test, utilize, and help innovate what you are working toward.
3) Private Lenders.
Music to an entrepreneur’s ears. Through private lenders, founders can gain access to funds without any involvement from the government. It is the most convenient way for most businesses to begin operations. One of the key players in this space is My Business Funded. They have a remarkable reputation for funding startups quickly and efficiently, even they’ve only been operational for 6 months. In turn, a ministration like this allows founders to worry less about operational costs, and focus on selling. Remember, as Shark Tank has shown, a startup doesn’t have to be a tech company; it’s any company on its way up! MyBusinessFunded is one of the quickest growing business funding websites today.
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