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

[jordan.hut]

Hi caubbi,

I certainly agree with your post and I appreciate it. You have suggest for right thing. It's really very worth full.

keep it up.

Thanks!

[Unix Terminal Inc]

Talla Harish
Unix Terminal Inc

I am still in the early stages of my start-up, and only have first-hand experience with angel investments, but the following is a rundown of the common ways to raise money for your start-up.

The good news for anyone who has limited resources when starting a company is that entrepreneurs seem to agree that this can be a good thing. The need to conserve resources often leads to creativity, hard-work, and a drive to succeed that can be missing when money is available and things are easier and more comfortable. So the first piece of advice when you’re thinking about raising money is to make sure that you really need it before going after cash.

In my opinion, this is the best way to fund a start-up if you have the capital to invest. Not only will this ensure that your decisions are not controlled by outsiders, it will also guarantee the highest percentage of profit if you sell. It’s also incredibly motivating if your own money is on the line every day. Of course, if you don’t have extra capital and you’re trying to self-fund, that can be a painful process of skimping and saving every dime - as well as living day-to-day with poverty and uncertainty. So this is probably only a viable option if you have significant personal wealth, or have put money aside in savings.

[SmallVolume]

Good thread, I learnt a lot...

[D-BIZ82]

I don't think friends are the best way to raise capital for a new business there are to many emotions involved the same goes for family, what if the business goes belly up and you lose the money that your friends and family invested in your business are you willing to jepordize a friend or family member? I think that the best way would be to raise the funds yourself by starting a small less risky business and gain experience as well as capital build business relationships,and then make your move to something bigger and better.

[Our Top Team]

Some home-based internet marketing businesses have very low start up costs. Research well and you'll be able to earn your marketing education online while simultaneously launching your new business.

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[zmonique2007]

The best way to raise money is gathering stuff or anything in your house you think not already important. Example's are unused clothes or garments your kids no longer used. You can have a garage or yard sale. This way, you are not only having additional money for your family but you are also removing those unnecessary stuff in your house.

[EntrepreneurCoach]

This will depend on each individual situation...but some ideas:

Sell assets, use your savings, bank loans, personal loans, family loans, find a business partner, venture capitalist, credit card, work extra, save more, spend less, friends, live well below your means.

[apgto]

Over the past two weeks we’ve been asking you what the best ways are for young entrepreneurs to raise money.

The goal here is to create a list of suggestions for new and existing entrepreneurs to refer to so they can effectively fund their business ideas.

We’ve had some great posts created and a lively discussion is going on.

So far the top responses are:

#1) Friends

#2) Your Own Savings

#3) Family

#4) Angel Investors

#5) Venture Capitalists

#6) Licensing Your Idea

#7) Reverse Mergers

#8) Private Placements

#9) Banks

Are friends really the #1 way to raise money for a young entrepreneur? How have you raised money for your business or how do you plan on doing so? Weigh in on the discussion by having your say on our forum post. Please share your advice so other young entrepreneurs can learn from your thoughts and experiences.

great list. I can go down that list and check off the options i do and don't have. Just getting my products patent will put a hurt on me.If i stay confident in my product then i believe i will be able to sell with success.I am at the sell my blood stage

[Evonus]

I also agree that starting it yourself is a great way to raise money. For me, each of my start ups have been web-based. So, I used my design & development skills to get my working concept. From there, I think it's much easier to get real funding when there is something tangible that an investor can look at. Anyone can come up with ideas, but being able to show that you have the drive to follow through and get started can go a long way in convincing people that you are going to be able to lead a business or concept from it's development phase into it's public phase.

Great thread & great responses so far. Very glad I found this forum today.

[rayice]

investment is important to raise the popularity of any company

[andrewlm]

I think the best way is to make a droppshipper which raise more money.

[ngdomainer]

You could sign up for some GPT websites and make $10s of dollars/day with consistent effort..

[dbrown0509]

I agree with starting your own business (finding your own niche)being original creating your own lane will make your business successful more faster because there will be no competition.

For example .Magic Jack is not the best product but they have made loads of cash because people will buy anything with a good price.

Even tho Magic Jack didn't create voip they promoted a product that could do it with just a plug in no extra downloads

[cheapaschina]

Get contracts, get credit Get it done

[cheapaschina]

I don't think friends are the best way to raise capital for a new business there are to many emotions involved the same goes for family, what if the business goes belly up and you lose the money that your friends and family invested in your business are you willing to jepordize a friend or family member? I think that the best way would be to raise the funds yourself by starting a small less risky business and gain experience as well as capital build business relationships,and then make your move to something bigger and better.

I agree totally to this- been there done that - learn from others mistakes