Question

list online sources of financing available and describe the process and procedure(nuts and bolts)of each source. for new business ventures

Answer 1

Over 94% of new businesses fail during the first year operation lack of funding turns out to be one of the most common reasons money is the Bloodline of any business with long pain taking yet exciting journey from Idea to revenue generating business needs of fuel named capital that's why almost every stage of business entrepreneurs find them self asking where do I Finance my startup from there are few ways financial it. 1. Bootstrapping your startup business self earning also known as bootstrapping is an effective way of starting a Startup financing specially when you are just starting your business first scientist often have trouble getting funding without first showing some traction plan for potential success one can invest their owns in get your family to contribute self funding and bootstrapping should be considered as first funding option because of its advantages when you have your own money you are tied to business on a later stage investors consider this as a good point but this is suitable only if the initial requirement is small small businesses needs money right from the day 1 and for such businesses bootstrapping may not be a good option. 2. Crowd funding as a funding options crowd funding is one of the new movie of finding a Startup that has been giving lot of popularity lately it's like taking a loan pre order contribution and investments from more than one person at the same time this is how crowd funding works and entrepreneur will put up a detailed description of his business on a crowd funding platform he will mention the goal of his businesses plans for making a profit how much funding then he needs and for what reasons and then customers have read about the business and give money the best thing about cloud funding is that it can also generate interest and helps helps in marketing the product alongside financing it is also known if you are not sue 3. Get a bank loan online lending standards on much to go with pencil JP Morgan Chase in Bank of America have in Mount additional funds for small businesses lending so why small person shall not apply it has to be a feeling on a loan application necessary steps should be taken to raise capital online use of credit card using a credit card to fund your business is some serious risk business fall behind on your payment and your credit card score get trapped the minimum each month and you could create a whole will get never out of them however using with you think I can get out of the occasional jam and get extended your accounts payable prior period to show up your cash flows. 4. Tap into your 401 k if your unemployment thinking about starting your own business those funds here accumulated in 401 K over the years can look pretty thing and thanks to the provisions in the dark spot you actually can tap into them without penalty if you follow the write steps the steps a simple enough but legally Complex so you need to someone to with experience setting up C Corporation appropriate plans to roll your retirement assets into remember that you are investing your retirement. Attract Angel investor when putting an angel investor all the old rules will still apply have an exit strategy but the economic turmoil of the last few years has made a complicated game even Trigger add experiencing some great here on your management team will help investor. did you start your business because you are truly passionate about your Idea and because you want to cash it on the latest trend know your stuff you need market assessments competitive analysis and solid marketing keep in touch and Angel may not be interested in your business if you don't have a good track record of successful entrepreneur. Secure an SBA Loan DID dance reluctant to take any chances with their own money in the wake of credit crisis loans guaranteed by us small businesses administration have become a hot commodity ended funds to support special breaks on peace and guarantees on bad loans have done a lot number of times in order to qualify your small business your form means to be government definition a small business of your industry.