How To Finance A Startup

If you’re like most entrepreneurs, you have an idea for a business and some initial funding to get started. But raising enough money to keep your startup going can be challenging — especially if you’re new to the world of business financing. Fortunately, there are plenty of ways to secure startup capital that don’t involve taking out a mortgage on your house or selling your car on Craigslist. In this article we’ll explore some of these options and how they work so that whether you’re looking for a $100k loan or just need someone with a few dollars in their checking account to help out, we’ll walk through all the steps necessary to make it happen!

Determine how much cash you need to get started.

Once you’ve decided on your core business idea, it’s time to figure out how much money is required to get started.

This is where the rubber meets the road: you need to determine how much cash will be required in order for your startup to get off the ground and run until it becomes profitable. There are no hard-and-fast rules here; every company has different needs depending on its size and scope of operations. However, it’s helpful if you can come up with some ballpark figures so that when more detailed financial projections are needed later on down the line (such as when applying for loans), they won’t seem like pure guesses or wild guesses but rather reasonably accurate assessments based on real numbers from … More >>>