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How to finance your start up business
How to finance your start up business
How to finance your start up business
How to finance your start up business
How to finance your start up business
How to finance your start up business
How to finance your start up business
How to finance your start up business
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How to finance your start up business

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  • 1. How to Finance Your Start Up Business Business planningHow to Finance YourStart Up Business
  • 2. How to Finance Your Start Up Business Business planning A strategic, well drafted business plan is vital when sourcing funds for your business. Find out how you can develop business plans that attract investors, potential business partners, funding agencies and many more. Click here.Is a lack of money standing between you and starting your ownbusiness?If so, I hope some of the following ideas will help to show youhow to finance your start up business, and help reduce the worryof money. There are a number of reasonable options open to youwhen you first start to consider how to finance your start upbusiness, and the key is in the planning. You need to put togethera financial strategy that makes sense to both you and yourprospective lender.  The following is a short guide to showyou how to finance your start up business.Quick Steps To Show You How To Finance Your Start Up BusinessIdentify Your Needs
  • 3. How to Finance Your Start Up Business Business planningCarefully estimate what you will need to finance your start upbusiness, and sustain, your business in terms of equipment andsupplies. Make an inventory including the required office ormanufacturing space, franchise fee, etc.Next, consider how much of this inventory can be provided fromyour own personal savings to finance your start up business(avoid the use of credit cards). Will you be able to avail of anycontributions or low interest loans from your family or friends tofinance your start up business?Options For Borrowing MoneyCommercial banks and credit unions are the most evident lendersto small businesses, and they offer a range of conventional loans,as well as small business guaranteed loans. You can also look toventure capital firms, commercial finance companies,partnerships, to finance your start up business. Whichever route
  • 4. How to Finance Your Start Up Business Business planningyou take, be certain to learn as much as you can about theapplication and approval procedure and your terms of payback onthe loan.Your Business Plan and Building Your CaseAll lenders will require a business plan in order to fully understandhow you intend to finance your start up business, and quitepossibly a resume for yourself, which gives details about youreducation, business experience, credit history with references andspecific loan documents. Build you case well, to encourage thelender to lend you the money, and explain how the money will beused to finance your start up business.Include sections within your business plan to describe the natureand type of your business, available resources and how they willbe used to meet specific goals, time-lines, financial objectives,analysis of your competition and how your business will fit in themarketplace.
  • 5. How to Finance Your Start Up Business Business planningBe thoroughYour business plan needs to be realistic and supported by facts.Include company projections, and illustrate your ability to repaythe loan.Practice your Pitch on a close Friend or RelativeChances are you will be asked to give some form of presentationon how you will finance your start up business. Even if you areconfident in your business plan for how to finance your business,and comfortable in these situations, it is always best to practiceyour pitch with people who will be honest and give you feedbackand constructive criticism. This is also a good time to work outwhat questions might come up and get prepared for your answer.
  • 6. How to Finance Your Start Up Business Business planningAsk QuestionsAsk questions yourself to your potential lenders about theirprocesses and loan expectations so that you understand exactlyhow the money will be allocated and there are no unexpectedissues.Good Luck. A strategic, well drafted business plan is vital when sourcing funds for your business. Find out how you can develop business plans that attract investors, potential business partners, funding agencies and many more. Click here.
  • 7. How to Finance Your Start Up Business Business planningJulietteFounder of HomeBasedMums.comIf you are interested in finding out more about starting up your own business fromhome visit our website at [http://www.homebasedmums.com/work-at-home-mums.html]http://www.HomebasedMums.com : "Helping Mums Work From Home In The Career OfTheir Dreams."HomeBasedMums.com is a home based mums lifestyle resource, providing home basedmums with information on how to start their own business from home, as well asparenting and lifestyle issues.Article Source:http://EzineArticles.com/?expert=Juliette_Stewart
  • 8. How to Finance Your Start Up Business Business planning

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