With so many people currently experiencing problems finding suitable employment, it’s unsurprising those with creative minds are looking towards starting their own business in 2014. That said; coming up with a fresh and innovative idea is only the beginning, and anyone considering taking this path will have numerous other concerns with regards to funding and marketing. Still, these stumbling blocks can be overcome easily if you do enough research and ensure you have the right information.
I’ve started a number of different businesses over the last few years. Some of them have failed miserably, and others are experiencing rather encouraging levels of success. This makes me the perfect candidate for giving you advice. Unfortunately, I didn’t have the luxury of hands on experience at the time, which means I had no choice but to head out into the world blindly and learn from my mistakes. Hopefully this is something you can avoid by simply reading through the next couple of paragraphs.
Here are some great ideas for raising the startup cash you’ll need…
Go To The Bank
Although it’s certainly true that most high street banking groups have now tightened their lending conditions, it’s still possible to get a small business loan if you meet all the necessary requirements. In most cases, you’ll probably get turned away, but it would be foolish not to try because banks tend to offer the lowest rates of interest around today.
Look For Private Investment
There are currently many specialist websites online that deal solely with linking potential investors to new firms who’re looking to raise capital. You might find it useful to register with some of these sites and place an advertisement. Depending on the levels of interest you receive, it’s possible that you could gain the capital needed in a matter of days. Just remember to be completely honest with your description and business plan, because most will insist on learning more about your idea before parting with their cash.
Head To The Casino
Sure, this is probably a bit of an outside option, but anyone with a particular skill for playing poker might be able to win enough money for their startup, especially if they only need a few thousand. Alternatively, you might like to enter tournaments from the comfort of your own home through the Maple Casino website in Canada or a similar provider. Obviously, this is incredibly risky, but people with enough talent for the game could win big in only a few hours.
Apply For Credit Cards
Lastly, if you’re really struggling to attract investment and traditional loan options are exhausted, then perhaps it might be a good idea to take out a few credit cards and use these to find the money. Again, this is quite risky, but if you’re only after a small amount of capital, it could be your last hope. Luckily, most providers offer low minimum payments, so you won’t have to start making big profits straight away.
Well, there you have it guys. You should now have a basic idea about what you’ll need to do to get your new business idea off the ground. Just remember, money isn’t everything!