About to start a business? That’s a great idea! You’ve got the will and you know you will. With great determination and patience, you can conquer the process of startup funding.
Let’s see how to raise funding for startups!
Angel Investors
There are people who have surplus cash. They are known as angel investors. There are many risks involved with the investments. This is why it’s important to get in touch with angel investors. Startup funding becomes easy with angel investors. Present your business and proposal with a startup pitch deck and you’re good to go.
Self-financing
Another important thing to keep in mind while startup funding is self-financing. It’s the personal investment that you invest in your own business. Self-financing is crucial because investing your own savings is the best thing you can do. It’s your business and the first thing should be your own funding into the venture. There should not be any reason to deny self-financing. Try it yourself and then prepare a kickass startup pitch deck for the investors. You can show your finance in the startup pitch deck. This will help the investors to understand business finance properly.
Crowdfunding Support
It’s a concept of gathering funds from social networking sites and web-based platforms. You can also collect funds from businessmen or events. There are social causes like disaster relief events, ideas, charities, etc for crowdfunding. Many leading crowdfunding platforms are available such as Indiego, Milaap, etc.
Loans Under Government Schemes
Apart from all the above processes, there are loans from government schemes as well. There are many government schemes that promote funding. From the socio-economic growth of rural India to encouraging startups, the government has left no stone unturned. Many schemes like PMMY, Start-up India are there to help out startups with loans. The government tries its best to help out the startup ventures in startup funding.
Business Credit Cards
There are credit cards for business aims as well. These credit cards have taken a rise in the emergence of startups in the last few years. In the initial stages, business doesn’t require a large amount of money. So, to avoid extra interest rates and debt, you can use business credit cards. These are the best for timely repaying any amount of extra debt that you might have accumulated. Make sure to avoid extra interest rate charges in the form of penalties.
To briefly conclude, all the above are the best methods for startup funding. If there’s any other method that you want us to know, feel free to share in the comments section!
