Funding is very important to run any business especially when you are a startup. In this technological world, running a startup is not a child’s play. Every business needs funds so as startups. But how do startups arrange funding? Here we are suggesting ‘7 Ways to Get Funding for Your Startup’:
1) Early revenues
This is the best option. If your startup can start generating revenues from initial days itself then nothing like that. You can try to break even your cost and can reinvest the profit into your business.
2) Self funding
This is the second best option. Give preference to self funding. You will feel less pressure more responsibility as it will be your own money. You can do some saving from your job to fund your startup.
3rd best option is ask for funding from your family. Preferably, take it from your parents. Or you may try with other members.
4) VC Funding
If your idea and startup have worth implementing you can pitch your idea for venture capitalist funding. You need to go systematically to go for this option. Go for a mentor to take advise for the whole process.
It should be the last option. You may go for personal loan or loan against property. Go for this option only when you are 100% sure of your idea and your venture could generate immediate revenues to clear the EMI’s & principal amount.
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