start-up business

[andy43232]

Currently, all funding for my used book store business comes from relative. What other forms of funding (e.g. stock, bonds, venture capital) might be logical alternatives for my business and what would I need to do to qualify for them? How would the risks of such alternative funding sources compare with the risk of continuing to fund for my business through a relative? Given this, how would I fund my business in the future? what are the basic concepts regarding money and banking, financial management, stock and bond markets, and risks involved in business

[aboubacar]

the best thing i can tell you is investors.....

[bizdev]

Is your business up and running? If you had a business plan you would know how much more funding you would need and where it was coming from.

If you are in the start up phase or the planning phase, write your business plan.

What I can tell you is that thanks to Amazon and the mega book store chains, book stores are very difficult to be profitable. If you have been up and running for at least 2 yrs you can try to get a line of credit. However with the economy being what it is, that might be difficult.

Probably the only investors that will be interested are Angels. Since you already have a relative funding you it looks like you already tapped the Angel funding. Venture Capitalists won't be interested in a little used book store.

It's all about savings. Work until you have enough saved to fund your business. Sell assests if have any. Try for a home equity loan if you own your own home.

There is no easy road to funding.

[businesswizard]

Leasing can be a great option for your business.
Go for it.

[Phineas]

I think the investment is the best idea, it will give you good amount to develop your business.

[moyusufomar]

hi everyone im a 13 yr old by who wants to make it big any advice

[businesgoonline]

which part of your organ you want to make it big?

Dude, please be concise when you post a question. I can say that nothing is come with easy, and you should start it step by step.

[mthomas]

Andy,
I agree with all of the above advice, angel investors, etc... I wouldn't even rule out getting a second, part-time job just to fund the early stages.

If you are considering getting some kind of credit, you need to start building your business' credit profile now. This posting on the FICO forums is extremely informative and may help you.

The only time I would recommend taking on personal debt is if you have enough income to safely support it.