Tuesday, May 19, 2020

Benefits Of Getting Money For Starting A Business

Ah, funding, what a topic. I’ve spent a lot of time searching for the simplest way to get money for starting a business because it takes money to turn ideas into reality. I’ve never been able to find the silver bullet. I’ve signed up for websites that supposedly connect you with â€Å"angel† investors, I’ve called the SBA for funding, I’ve gone to my bank, and I came up empty handed everywhere. I didn’t have the proven track record, credit history, or 2 years of profit required to get funded by these institutions. Which sucks because how is a small business start up supposed to show 2 years of profit? I was sleeping on a twin bed on the floor in my friend’s house when I was trying to get my business off the ground. But I’ve learned from experience what it takes to get actual money in my hand. Getting investments is a matter of knowing what you’re talking about. There are people with ideas and there are people with money. They make an excellent marriage but they don’t often hang out in the same circles. But when they do communicate, they are pulled toward one another because they need each other. The money person wants to feel like they are a part of something unique, exciting, beneficial, and potentially profitable. They might not have the mind to create it but they have the dough to finance it and the idea person needs the money to see their visions actualized. Of course, there are different circumstances and relationship types but let’s ultimately assume that you have theShow MoreRelatedThe Importance of Getting an Accounting Software Package for Your Business1113 Words   |  5 Pages your business will function similar to a machine that been oiled well. It is not easy to do all these but if you are able to perform them well, your business is bound to function well. While it is no easy task to accomplish all these, perform these things well can help much in the smooth operations of your business. 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