funding
Crowd Funding
Crowdfunding… you might be wondering what this is and how it works in relation to your business and its funding. Here’s what you need to understand: crowdsourcing isn’t that old of a term and was made legal thanks to the JOBS Act in March 2012. Before the JOBS Ac, it was seen as very impractical or illegal. What Is Crowdfunding? In simple terms, it allows big groups of folks – people you know and strangers too – to give minute amounts of money to a business or cause. It’s the n..
How to Get a Business Loan
Once you’ve gotten investors’ attention, you’ve got to secure a business loan to get the doors open. Industrial and commercial lending has increased for bigger companies. However, small businesses have seen fluctuations in the amount of conventional bank loans being offered, all because of the uncertainty in the economy. That does not mean you should not try to get a business loan. After all, banks do want to loan the money to start-up companies. But, in order to secure a loan, you ..
Attracting Investors
When you’re trying to get your business going from the ground up, the hardest thing to do is bring investors to the table. What can you do to get investors to listen to your ideas about your small business? The first thing you must understand is that you need patience so that you can develop solid investor leads. With a little bit of groundwork, some advanced planning, the right approach and accurate investigations, you can find an investor to successfully finance and launch your busine..
Yourself, Family and Friends
The majority of entrepreneurs know that getting cash from the people they know is easier and quicker than trying to get it from an investor. Also, many investors demand that you have some kind of family/friend investment before they’ll even bother lending you any money. The reason is that investors invest money in people before they invest in any product or ideas. Since they have no idea who you are, they check out your integrity as a person. Do your family and friends believe in you en..