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Tuesday, 07 February 2012 20:01
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Funding a start-up
There was an interesting thread over here about how difficult it is for start-ups to get funding: http://www.startupsmart.com.au/phil-alexander/is-it-hard-to-borrow-money-from-the-banks/201201245168.html
Phil Alexander raises an interesting question: Just how do you fund a start-up? And is personal finance really the best option?
Latest Discussion
I think the other option, and this depends on what business or what area you're in, is to start small. This isn't something that Phil Alexander raised in the article, but it might be worthwhile depending on what it is you're trying to do. Start off by making a few and selling them in local arts and craft markets on the weekends, and do it as a hobby. Do it while you still have your 9 to 5 job. If it works out then grow from there. If not, well you'e proabbly at least met some interesting people and spent no more money or time than you would if you were into movies or video games or whatever.
Hi,
it is always hard when you start, but I believe if you have good strategy and persistence you will succeed. It is always hard to deal with banks, especially if you need starting capital. Without funds usually can't start, but what is best way to get these funds? Is it possible to get funds only with good strategy?
it is always hard when you start, but I believe if you have good strategy and persistence you will succeed. It is always hard to deal with banks, especially if you need starting capital. Without funds usually can't start, but what is best way to get these funds? Is it possible to get funds only with good strategy?
Good luck
Sally Smith