Tweet

Funding Your Start Up

Written by: Brandy Adamson

Article Overview: Learn the basics about funding your start up.

Funding Your Start Up

You have an idea for a business. You need funding for your start up. What do you do? There are many options available. You could take out a personal loan, max your credit cards, or call on the help of friends and family. Those are a few options the first two are not that appealing and your friends and family may not be in a financial position to assist. So now you ask, what options do I have?

There are three growingly popular options. One option is applying for a Small Business Administration (SBA) loan. These are loans specific to small business owners. The loans are typically at lower interest rates than a bank loan. The SBA has an application with specific requirements – one of which is a business plan – that are necessary. Once the application is complete, the loan package is then submitted to one of the various local organizations that work with the SBA. These organizations are usually local economic development organizations. These organizations usually have a monthly deadline for submitting SBA loan applications. It is important to find out the deadline and submit your application prior to that date.


Another growing option is Angel Investors. Angel Investors have funds set aside to assist small business owners. Angel Investors typically have specific industries, geographical locations, or areas of business development they support. It is important that all required information is supplied to the Angel Investor. Angel Investors require a business plan as well.

Joint Ventures are strategic partnerships developed between an individual/organization with an idea and an individual/organization with the necessary funding to make the partnership a reality. Joint ventures spread the risk and the cost as well as improve the speed to the market.

Related Articles
  Part 7: Funding Request
  PRN Funding Introduces Real-Time Web Communication
  What will happen to small business funding?
  UK Business Finance - The Options Available To You
  How to Start a Grant Writing Business

Article Tags: angel investor, angel investors, bank loan, business development, business plan, credit cards, economic development organizations, financial position, friends and family, geographical locations, interest rates, joint ventures, loan package, local economic development, personal loan, sba loan applications, small business administration, small business owners, specific industries, strategic partnerships



Related Forum Posts
Why pay a Consultant? - Consultants can bring you into contact with a Funding Source but how do you tell whether a consultant will be successful beforehand? Professional Consultants ALWAYS ask for some kind of retainer so that they can feel they're not being used by a 'chancer'. However, when raising funding, a real consultant will offer to REFUND THAT RETAINER out of the % BROKERAGE he charges, payable once he finds your Funding Source, and payable from initial disbursements. Retainers only cover part of the costs that a consultant has to pay while working on behalf of the Client. Their real wages come from the agreed upon Brokerage, received when they are successful on the Client's behalf.
seeking investors for global finance opportunity - Phoenix Global Funding, Inc. is a Global Commercial Loan Brokerage, Merchant Bank, and a Business Consulting Firm that can work on commercial deals of all sizes. Our greatest strengths are revealed through our superior internet interface and our extensive private network of lenders and equity partners with which we can service any company on the planet by having the ability to broker and coordinate mergers, acquisitions, and funding of all kinds. As a full service commercial financial conduit we also provide valuation, business management, and profitability consulting. I am offering common stock ownership in Phoenix Global Funding, Inc. It is exciting to be in a position to be able to share not only ownership but profit in this latest project. Our business plan was developed from the oldest, most reliable and the most profitable business model ever created, LENDING. This is all about what the big boys do on Wall Street everyday. We are raising US$1,000,000.00 with share prices starting at $1.00. The exit strategy is in 3 years with a minimum 3 to 1 return on capital, plus a 20% profit share annually.
Re: Should you hire ambitious workers or employees with no goals - According to Guy Kawasaki, he says "you should only hire and keep people that you'd hustle over to and engage in a conversation...Life is too short to work with people you don't naturally like-especially in a young, small organization" ("The Art of the Start" pg 112). I think the reverse is also true and I wouldn't want to work for anyone I didn't like or want to talk to if I saw him/her outside of the office. In addition, Kawasaki also says "Steve Jobs has a saying that A players hire A players; B players hire C players; and C players hire D players...This trickle-down effect causes bozo explosions in companies. If there is one thing a CEO must do, it's hire a management team that is better than he is" ("The Art of the Start" pg 101). Kawasaki's quote is definitely in favor of hiring the ambitious worker, but do most CEO's even have the humility to admit that someone is better than them?
Re: How can I promote my site? - To promote website online you need to hire professional SEO expert because you have to perform the below activities for your website promotion:- Start On page optimization which includes the following task:- 1. Meta tag optimization 2. Header Tag Optimization 3. Alt tag Optimization 4. Content Optimization 5. Anchor Text Optimization 6. URL Optimization 7. Navigation Optimization After On page optimization, Start off Page Optimization which includes the following task:- 1. Link building 2. Directory submission 3. Classified Ads submission 4. Article submission 5. Press Release submission 6. Social Bookmarking 7. Business Listing 8. Local Listing 9. Blog Optimization 10. PPT Creation & Optimization
stock registration - robertj- Actually my offering is for a private placement of stock in my privately owned company. The documentation that I would send out to any interested party is approved by the SEC under the classification of "Reg D 504". It is the only private placement offering that the SEC allows for no registration requirements at all as long as I accept no more than $1,000,000.00 and the offering is good for only 1 years time. I assure you that we are all above board here at Phoenix Global Funding.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Stay Employed In A Down Economy

Maximum Impact Restaurant Greening

Steps For Starting A Small Business

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.