The Basics
1. Personal savings.
Always plan your business well before you start it up. Along the way as you plan or even just after you decided to start a business, save your money. Saving money not only aids in supporting your business, it can also help you to control financial usage and cut costs for budgets.
2. Seek help from your family and friends. This is a more common way of getting finance for startup capital. If you do not intend to make a business plan, borrowing money from your family and friends can work well. However, make it professional; return the money as soon as you gain profits from your business with extra interest.
3. Get advice from experienced entrepreneurs. Find out from them how to get startup capital or funding, while getting more information on how to start up your business. They are there to guide you. Some may even support you all the way – they help you in establishing connections.
4. Get a venture capitalist. If you have high ambitions for your business, get a venture capitalist. A venture capitalist is an investment company or someone who makes high-risk investments. Venture capitalists may have no experience in the business you are involved in, but they focus on high potential rate of returns. They can aid in your business financially for a longer
period. Note: Getting a venture capitalist you must first prepare a business plan.