Uncategorized Archives – Page 11 of 13

8 Resources To Raise Capital For Your New Business By Theodore "The Wisdom Man" Henderson image via finance-petra “There are two ‘i’s’ in Fundraising – they should stand for inspiration and innovation, not imitation and irritation. -- Ken Burnett ” Are you all ready and raring to go launch your small business now? However, you feel stuck because you still lack the start-up capital? There are numerous ways to obtain the funding for your business idea. I have right here a number of truly great sources for discovering the funds to get your business up and running or making it grow. You can use one or all. 1. Family As Well As Buddies. Some people are fortunate they can borrow cash from buddies or family members to launch a business. Compared with a charge card, this does not place your credit rating in danger, but it definitely can place your family reputation on the line. 2. Government Financing (SBA). This is short for the U.S. Small Business Administration, a government organization that aids Americans start up and also take care of local business by providing financing, disaster aid, advocacy, and training. For those of you who are not U.S. based check your local country’s resources or international financial organizations that may have targeted your region for financial support to entrepreneurs. 3. Peer-to-Peer Financing (Prosper). Prosper is an on-line lending website where homeowners could lend cash directly to each other. Customers set the maximum price they want to pay as well as lenders establish the minimum rate they want. They match borrowers with lending institutions and also manage the lending repayment. Lenders could get started with just $50 and debtors can get unsecured loans up to $35,000.00. Send My Free PDF -"8 Resources To Raise Capital For Your New Business" 4. Financial Backing From Venture Capital. A venture capital firm is a financial intermediary that pools the sources of its partners and also uses the funds to assist entrepreneurs in starting up brand-new companies. 5. Home Equity Lending. It is in some cases called a second mortgage. If you are blessed to own your own home or have a family member who does then a perfectly good strategy would be to obtain from a financial institution or home mortgage business a loan using the equity in your house as collateral. 6. Credit Cards. It can be alluring to start-up your company with cash from a bankcard. Take care to make a minimum of making the minimal monthly settlements protect your credit rating. 7. Angel Investors. The regular angel investor is a retired company executive or company owner. Angel investors can generally provide even more cash compared to friends or family members, and charge card. The financing normally varies from $20,000 as much as $3 million. 8. Crowdfunding. Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods. In 2013, over $5.1 billion have been raised via crowdfunding worldwide. (Wikipedia) All of the above information is equally useful depending upon your analysis of what would be beneficial to your business and scenario. A little confusing or daunting, perhaps? Don’t worry we go into detail regarding these options in my program Launching Your Great Business Idea Now! You are not alone let us help you. Select Carefully! About The Author Theodore Henderson is an Amazon best selling author, Certified Social Media Security Professional Powered by CompTIA, and a Certified Leadership Coach. He is the author of the business program for "Launching Your Great Business Idea," "9 Simple Steps to Becoming a Strong Leader" and the Security eBook 30 Smart Ways to Protect Yourself from Cyber Criminals aimed at owners of Smartphones, Mobile Devices, and also those who have significant online activities including Social Media, financial services, etc. He is available for keynotes, seminars, and workshops. He may be reached through www.TheodoreHenderson.com.