Question

There is a point in time when your start-up business would require extra financial strength to grow further. Provide Four justifications that prompt the start-up entrepreneurs to rethink the needs of getting additional funding.

Answer 1

Yes, there is time when when your start-up business would require extra financial strength to grow further.

entrepreneurs needs to rethink of getting additional funding.

4 Startup Funding Challenges and How to Overcome Them

According to recent survey and study more than 90% of start -up business fail in few month or in first year because lack of funding so here, entrepreneur needs to find ways to raise money and capital for their start-up and business.

*  Creating a scalable and reliable start-up business model :- the start-up business model must show potential to grow in minimum expenditure in coming time .

Entrepreneur need to minimize the expenses of the business and firm. Self funding is an effective way of raising financial solution. Be focused and possessive towards your start-up business and concentrate on your business plan.

*  Finding the right funding option :- bootstrapping, also known as self funding ,

Get Angel Investment In Your Startup business

Get Venture Capital For Your start-up Business

Get loan from Bank

Asking help from family members and your well wisher

Asking for help from friends

Your own savings and income.

* Getting benefits from government program :- government offering lots of financial and technical benefits for the rising entrepreneur

Always be active to get benefits of government program like government give discount on electricity billl payment if you registered your firm and business under government scheme and program and also give rebate on taxes and helps your business to grow. As youth entrepreneur are the future of the nation.

* Spending wisely and spending correctly once you’re funded:-

Write your business plan and work accordingly because a planned start-up business is more successful than a unplanned start-up business with lots of funding .write your expenses and try to spend wisely.

If entrepreneur follow all this well then your start-up business will definitely grow well.