Funding can often be the reason a great idea for a fledgling business never makes it beyond the seed stage. Luckily, it doesn’t have to be that way.

Now, more than ever, startup companies have access to funding globally. However, you have to know how to market yourself as more than just a beginning entrepreneur, since your first impression means a lot.

When you are ready to make a presentation that knocks the socks off of your potential investor, here are four sources of funding for startups to get you…well…started!

  1. Crowdfunding campaigns for seed-stage startups.

Crowdfunding has launched multiple million dollar companies, like Oculus Rift, Formlabs 3D Printer, and Canary Smart Home Security. It’s quickly become the go-to source of funding for startups in their seed-stage, and crowdfunding platforms like Kickstarter are cropping up all over the place.

In fact, over $5 billion was raised through crowdfunding last year alone. If you’re looking for strangers to jump on your gravy train, this may be a way to go once you have your platform in place and are ready to present your product.

  1. Asset based lending for new and existing businesses.

This type of lending takes into account more than just your credit and the stability of your business. With asset based lending, you don’t have to invest in your business and then provide extra money for overhead. Instead, you take out a business loan with the machinery and equipment that you have already purchased as your collateral.

This extra money gives many startups the necessary funding that they need to take their business to the next level. If you are considering asset based lending, you can research online for details as to whether this is a good option for you.

  1. Friends and family as investors.

While there are many precautions you have to take when you go this route, it is often the quickest and easiest way to get started.  You won’t have a lot of red tape to go through, and your loved ones will often be glad to be part of your success.

Instead of just asking for money, offer to take it as a loan or sell them stock purchases.  Not only is this a great investment for them and a way to keep problems from creeping up later, but future investors will love that you had the business sense to transact your financing this way.

  1. Grants for small businesses.

With a little research, you may be able to find grants that are provided by the government, or even private organizations, to fund your fledgling business.  For this to happen, though, they usually look for businesses that are performing a service that is considered to be good for society or is in a specialized area.

Be careful if you do receive a grant that you pay attention to any fine prints on how you use the money, or this could cause problems in the future.

Get Your Startup up and Running

Don’t let funding be the reason your amazing idea doesn’t get out to the rest of the world. Your million dollar idea is just waiting for you to access one of these, or the many other, ideas to kickstart your startup!

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