Blog 23

Fruitful Ways to Raise Fund for Your Start-up

Running your own business is agreat decision. You’ve developed your business plan,everything is set, except capital.The type of funding you have to raise entirely depends on the type of business you are starting.There are several ways that are inherent to the start-up process itself, but the proper way of raising it is very crucial.

Enter into a partnership:

Partnership is one of the most common and straightforward methods. Capital investment partners bring a lot more to your idea.Somebody want their partners to take a passive role, others want as key stakeholders and partners in every part of the decision-making process.If they are ready to share industry knowledge, skill and dedication to your company's profitability, partners would be one of the best fits.

Bank Loans

When you’ve to immediately bring your business to the market, taking loans from banks might be the only option in most cases. Getting a loan can be a risky attempt, when it is a big amount.It is important to understand terms and conditionsin your agreement, your payment deadlines,interest rates and any other fees.You mayalso wantto avoid taking a loan more than you need, which is obviously a good decision.

Getting state or federal funds

When it comes to raising funds for a new start-up, getting it from the state and federal grants is really beneficial. If you have limited options due to your chosen industry or location, there are some great opportunities to those who are adhered to the strict qualifications associated with modern business grants. Unlike a loan, you no need to repay grants.You can make sure that your initial capital will give you a head start to your business success.

Warrington Farm Meats recently got a loan approximating $595,000 from the Small Business Association. With the collaboration of Cumberland Area Economic Development Corporation, and M & T Bank, Warrington Farm Meats extended its butcher shop to 9,000 square feet.

Crowd funding campaign

Relatively a new concept, crowdfunding enables businesses to receive funding from large groups of people, each donating small amounts. Usually the process happens over the internet. By using sites like Kickstarter.com, entrepreneurs can raise crowd fund.Individualswho collectively make up the crowdlike to receive more or less equity, incentives, or a special consideration in the final product.

Take advantage of your credit

During the recession of 2008, almost 60 per cent of small business owners relied on credit cards to avoid bankruptcy.Some want to rely on their personal accounts, and on the other hand, many banks offer credit cards for entrepreneurs.

Be a part of contests and other promotional programs

To help start-ups uncover new start-up capitals, many organization shost contests, competitions and other promotional programs.This can help you win substantial cash prizes, and get the increased amount of exposure.

Be a part of startup programs

Startup programs, obviously referred as accelerators or incubators, provide entrepreneurs a massive amount of information and ideas for startup success. Most of these initiatives are focused on technology, hospitality, healthcare and automotive industry. You can get opportunity to meet potential partners and investors here.

Want to develop an app for your start-up business?

You can contact FuGenX Technologies, one of the best Mobile apps development companies Delhi ncr, whose team is highly professional in developing iOS, Android, Windows, and Blackberry apps, as well as games. FuGenX is also premier Android application development company Delhi, they provide successful app development services for all sorts of start-ups from any industry.

For more details, visit www.fugenx.com.