What's The Best Way To Raise Money - Entrepreneur Poll

[dansmonavie]

i would say start on your own first and then ask your friends and family for help after you prove your self to them

[cybergift]

The best way is by creating something unique (state of the art product or brilliant idea) that is really appealing and yet compelling that can attract qualified investors (all the nine criterias above).

So, I think it starts from a valuable idea that can solve many problems that people might have.

It is the same like this thread. It started from one good question that attracts many beautiful minds to share ideas

[asheebeyle]

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[smartsmart]

1-your own savings
2-so close friends who are interested in business

[butler68]

Create a business plan and go to a bank if you have funding of your own to put down. Otherwise submit your business plan to investor groups.

[niaz10]

your information is the best to me. i think you will say details to me.
thanks

[Bryce Maddock]

invest more in research and advertising to make more capital.

[millionaire]

partnership is the best way....
win win solution

[byrneof]

I agree with most of the posts. You gotta self fund at the start. You need to have traction before any external investors will come on board. Then you may get some interest from business angels preferably with experience in your area.

[pcbres16]

I say, start with your own money. That way the only person you took money from is your self and don't have to worry about making the deadline to pay someone back. Start small, really small and grow your business slowly and carefuly, lets face it as soon as you start you aren't going to be a standard Oil or East India Company.

[EverythingFinance]

Finding like-minded people is the key.

[share_boy]

I'm Agree with almost above opinion..
And we also must have Focus on the business
which we can do the best..
There are many people fail on doing the business because they have not focus in one field of business.

[mbrand2222]

I would just add: don't ask a friend or family member for money unless you make it clear to him/her that they may not get it back. Lay things out for them just like you would have to at a bank. This can cause big problems if they don't know their risks.

I think I'd stick to starting small and building with your own money when ever possible.

[myemployee]

I agree with most of the replies above. I read a book where a successful entrepreneur raised millions of dollars through contributions of his customers who were very happy with his product and its potential that they wanted to be part of his business, as well as from his employees who believed in him so much that they bring back money into the business to help it grow.

[themightyflog]

Thanks all for the advice.