6 Ways To Fund Your New Startup Business

Building a startup from scratch can be a difficult task, if it’s your first time in the business. But, raising money to get started with your startup doesn’t have to be as difficult as you think. Here are 6 classic ways to consider when you are looking for startup funding.

There are some simple steps you can take to getting sufficient funding for your startup. Keep in mind that each of these sources of capital has its own unique advantages and disadvantages, and all of them will test both your nerve and communication skills, so it’s important that you do your research to see which method is best suited for your needs. I will also remind you upfront that my personal opinion is to try and delay any kind of funding until it is really necessary!6 Ways To Fund Your New Startup Business

Crowdfunding
Getting the public to help with your startup funding is a method that is still really in its infancy, but is rapidly gaining popularity with many small companies and business owners. Individuals help to start your project by contributing their personal funds. All you do is put your project out there, and people can choose how much they want to contribute towards the project. You should know that the two main players in this arena are currently Kickstarter and Indiegogo, both of them are providing solid and reliable platforms to raise funds, but there are loots of new ones in the works.

Why yes?
Because you trade your product or service for cash and not equity for cash.

Why not?
If you are looking for a strategic partner than crowd sourcing your funds is not the right way to go.

When recommended?
When you have to build a fan base from day one.

Angel Investing
After many entrepreneurs and other business owners

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