Raising start-up capital to launch your own company can be one of the most daunting aspects of starting a business. But it is easier than you think, once you know how. Visit: http://eternalspiralbooks.com/raising-start-up-capital/ for more information.
2. INTRODUCTION
• Many people dream of starting their own
business
• They often hesitate because they think they need
a lot of money
• They are also not sure how to raise the start-up
capital they need
• But it’s easier than you think, once you know how
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3. 1-BUSINESS BASICS
• Start with the basics. What do you already:
• Have
• Do
• Know
• Network with
• That can help you start the business, so the
capital you do raise can help grow it?
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4. 2-OPTIONS FOR RAISING START-UP
CAPITAL
• There are many. It is a case of:
• How much you need
• Who you are willing to ask
• How detailed your business plan is (if you have
one!)
• How promising (but realistic) your financial
projections are
• How comfortable you are talking about money,
and about your ideas and business
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5. 3-CROWDFUNDING OPTIONS
• Crowdfunding has become hugely popular online
in the last few years as a way of aspiring small
business owners being able to connect with like-
minded people who support their goals and
dreams and are willing to invest
• No amount is too small or large
• With larger amounts, you would usually offer to
pay back with attractive incentives, such as a free
item when your product comes off the assembly
line
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6. 4-BASIC BUSINESS PRACTICES
• Once you get the money, you have to account for it
• You also need to run the business properly through
incorporating, to separate personal from
professional
• There will be costs in setting up an LLC, Limited
Liability Company, but this protects both you and the
business
• You might need local licenses in order to do business
in a physical location
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7. 5-THE RULES OF WEALTH-BUILDING
IN BUSINESS
• There are some simple rules for wealth-building
that can help you raise the kind of capital you
need to grow your business‘
• In most cases, it will involve re-investing wisely
• Don’t fritter away your profits as soon as they
come in. Use them for more:
• Marketing
• New product development
• And so on
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8. CONCLUSION
• Raising start-up capital when you have got no
money in the bank to spare and only a great idea
can be very daunting, but you’re not alone
• Great companies like Apple were founded in
someone’s garage on a shoestring
• If you have the passion to succeed with your idea,
get organized with a business plan and all your
resources available, and make the most of them
as you seek and find start-up capital
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9. FURTHER READING
• To learn more, please visit:
• http://eternalspiralbooks.com/
raising-start-up-capital/
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