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Top 3 Ways to Finance Your Startup
January 21, 2019
Launching a new startup is never easy. Your ideas must be powerful and practical at the same time, but then you also have to round up a diverse team that can help turn these ideas into reality. That said, none of this can actually happen unless you have the capital.
Financing a Startup
When you come up with a new business idea, irrespective of how good it sounds on paper, most people will have their reservations. This is especially the case when you approach someone with one goal which is to get them to invest in your business.
However, if your pitch is well-crafted and you are passionate about your ideas, then you stand a good chance of getting that money. To improve your odds even more, you should consider the following fundraising options:
When you come up with a new business idea, irrespective of how good it sounds on paper, most people will have their reservations. This is especially the case when you approach someone with one goal which is to get them to invest in your business.
However, if your pitch is well-crafted and you are passionate about your ideas, then you stand a good chance of getting that money. To improve your odds even more, you should consider the following fundraising options:
Traditional Lenders
Even in this era where the FinTech industry is disrupting the finance space, traditional lenders i.e. banks are quite popular. So, if your credit score is good and you have a good working relationship with your bank, then you can apply for a business loan.
Even in this era where the FinTech industry is disrupting the finance space, traditional lenders i.e. banks are quite popular. So, if your credit score is good and you have a good working relationship with your bank, then you can apply for a business loan.
Crowdsourcing
In crowdsourcing, you can finance your startup with the help of common people or consumers. Kick-starter is the quintessential crowdsourcing platform where innovative entrepreneurs raise funds through small investments made by hundreds of thousands of people who are interested in their products or services.
In crowdsourcing, you can finance your startup with the help of common people or consumers. Kick-starter is the quintessential crowdsourcing platform where innovative entrepreneurs raise funds through small investments made by hundreds of thousands of people who are interested in their products or services.
Government Grants and Loans
The Indian government is actively supporting startups and self-employment across the nation. You can avail a wide range of schemes including Multiplier Grants Scheme (MGS) for a maximum of ₹2 crores per project, Modified Special Incentive Package Scheme (M-SIPS) for a capital subsidy of 20% in SEZ (25% in non-SEZ) in electronics manufacturing, etc.
The Indian government is actively supporting startups and self-employment across the nation. You can avail a wide range of schemes including Multiplier Grants Scheme (MGS) for a maximum of ₹2 crores per project, Modified Special Incentive Package Scheme (M-SIPS) for a capital subsidy of 20% in SEZ (25% in non-SEZ) in electronics manufacturing, etc.
Whatever startup you are supporting, you can also greatly benefit from learning about digital marketing. Thus, do consider the idea of getting a professional diploma in digital marketing today. For more details, click here.
Important Links:
- MBA from ARU, Anglia Ruskin University (UK): https://new.ask.careers/courses/mba-from-uk-university/
- Post Graduate Diploma in Digital Marketing: https://new.ask.careers/courses/post-graduate-diploma-in-digital-business/
- Professional Diploma in Digital Marketing: https://new.ask.careers/courses/professional-diploma-in-digital-marketing/
- MBA for Executives: https://new.ask.careers/courses/mba-for-executives/
- Mumbai: https://new.ask.careers/cities/mumbai/
- TSCMC: https://new.ask.careers/institutes/tscmc/
- TSCFM: https://new.ask.careers/institutes/tscfm/
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