Article Tags : business . capital . capital raising . money raising . Raise Capital for a Start Up . raising money
When you are just starting your business, you are going to have the vision, the website, the products, and perhaps even potential employees and investors. In order to really get going, however, you are going to need some money, probably more than you already have. One truth about our society is that you need money to make money. With this in mind, you are probably looking for some fresh ideas that will help you raise capital for your start up business. Here are 5 ideas that you may find helpful.
Step 1 Sell a Cookbook
You have been probably hearing about a lot of nightmare situations when it comes to how hard it is to get a bank loan nowadays. Remember that if you have a solid business plan with a guaranteed profit, it will be much easier to get that loan. However, if you want to raise capital in the event you are denied a loan, sell a cookbook. Cookbooks are the fastest way to raise capital for a business. Try lulu.com to self-publish a cookbook series and start selling within 2 days of registering on the site. Everyone looks good food and thus a cookbook can help get you some money for your business fast.
Step 2 Research, Research, Research
If you want to find investors who are going to give you their hard-earned cash with promise of a return, you are going to need to make sure that you are barking up the right tree. Find investors who have interest in your field.
Step 3 Sell Your Products Online
Even if this was your plan to begin with, you don’t need a website in order to sell online. Anyone can do it, using services such as E-bay. This is a great way to not only earn money, but to also get a start getting your products out there to the public.
Step 4 Look for Business Grants
Many new business owners don’t know this, but there are a number of federal grants out there that are designed for those who are starting new businesses. These grants are developed to benefit society. Since your business will help the economy, you will be doing society a favor. Why not get a grant that help you get started? Try grants.com
Step 5 Use Your Credit Card
For many people who are uneasy about the potential success of their business, this may seem like a risky move. If you need to money to get started and purchase supplies, etc, then a large credit card purchase may be all you need to get you off the ground. The important thing to remember is to make sure that you will be able to make the payments on time, otherwise you will be creating a money hole.
Remember, the traditional bank loan approach is not the only way to go. Please visit stepsto.com for more great business. advice.