How To Find Money For A Business

Table of contents:

How To Find Money For A Business
How To Find Money For A Business

Video: How To Find Money For A Business

Video: How To Find Money For A Business
Video: How To Get Money To Start A Business 2024, April
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Of course, the most important thing for starting your own business is having your own original business idea, the payback of which is confirmed by market analysis and economic calculations. But even if you already have agreements with partners and a clear business plan, without start-up capital you will not be able to bring your idea to life.

How to find money for a business
How to find money for a business

Instructions

Step 1

You can try your luck and apply for funding from a dedicated venture fund. Complicating matters is the fact that there are not many such funds in Russia, and in order to interest the fund in its project, it will be necessary to prove its investment attractiveness. Even if you manage to do this, it will take a lot of time to carry out all kinds of approvals and audits before the first transaction is carried out.

Step 2

Another option: contact the Union of Entrepreneurs "Support of Russia", through which you can get up to 70% of the amount required to start your own business. In addition, those who have passed the competitive selection have the opportunity to receive a preferential loan from the bank.

Step 3

For lending, you can contact the bank directly. The risk is that after a specified time you need to return not only the borrowed amount, but also the interest. However, this chance remains the most real, especially if you own real estate.

Step 4

When you don't feel like risking your property, consider frechising. Having received the right to work under an already "promoted" brand, you will be able to reach its target audience in a short time, without wasting time on conquering the market. In this case, the chances of getting a loan will be greater if you contribute at least half of the amount required for your own business.

Step 5

There is another option called capital diversification. This can be done if you already have one project that is profitable, but you are not very interested. For example, you have already opened a chain of stores or cafes, use the profit received from them for the business you want to open.

Step 6

Try to find the required amounts among relatives, friends and acquaintances. The advantage of this solution is the absence of interest or their minimum amount. However, this is not the best option. Real life examples show that you can lose your business and lose your friends at the same time.

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