cxo voice
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
Leaders Interview, IT and Technology News India | CXO VOICE
No Result
View All Result
Home Entrepreneur

5 Ways to Fund your Startup Idea

It inevitably resulted in the demolition of the business due to lack of funding which is the backbone when it comes to the effortless functioning of a business.

Ranjeet Roy by Ranjeet Roy
September 15, 2018
Reading Time: 3 mins read
Ways to Fund your Startup Idea
Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

Ways to Fund your Startup Idea

The most efficient way of generating money is by investing in a business. The thought has crossed the majority of the minds of individuals who are bent on to generating hard cash. It will do wonders for your career and your reputation only if your business can conquer the zest of exposure and viewership as that of the leading business firms and companies in the industry. However, there have been instances where the businessmen have made impulsive decisions and set up their business which lacked any concrete framework for its extensive functioning and sustenance. It inevitably resulted in the demolition of the business due to lack of funding and lack of knowledge of ways to fund your startup idea which is the backbone when it comes to the effortless functioning of a business.

The funding procedure depends on the nature of the business and the objectives it strives to secure in the long run. Hence, consultancy and assistance must be sought in correspondence to that. However here are a few generalized funding incentives which can be utilized by any type of firm in order to achieve success and sustainability in the long run:

Self-funding Initiative

Initially, it is recommended to self-fund for your business start-up to avoid confusions and complications which are common with a new business venture. Self-funding includes generating funds from families and friends as they might only desire the goodwill for your business.

Another aspect to be taken into consideration is that the said process is applicable only when the requirement for the business start-up is a small amount and not a large sum. Through a self-funding initiative, the interests on the funds are subsidized and negotiable which avoids any further instances of debts.

Multiple Funding initiatives

Once your business has started gaining a considerable amount of viewership and has reached the target audience, the next step is to take the effect further in order to channelize more exposure. It is done by collecting funds from a number of people all at once. The initial step is to specify the type of firm, its objectives, its nature followed by how it seeks to achieve its short-term as well as its long-term agendas in an organized method.

The main objective is to provide the audience with a framework of the procedure. It will allow them to have the knowledge about what exactly they are funding the company for and if it is necessary to do so.

Incorporating an Angel Investor

Angel Investors are profitable individuals who have surplus cash at their disposal and are willing to undertake a large amount of investment in start-up firms. They do what they do since they can generate enough capital for higher returns. In addition to providing investment in the form of capital, angel investors play an advisory role in mentoring the businessperson about the most profitable way to go about the business to procure maximum profit with minimum risks involved.

Role of Business Incubators and Accelerators

Another alternative ways to fund your startup idea is with the consultancy and assistance of big business incubators and accelerators who assist in budding your business into a flower. The incubators play an advisory role in shaping the business framework to achieve success in the long run and the accelerators assist through the entire process through practical help. These two are imperative for a business start-up to change the same into a successful business venture.

Bank Loan Incentives

It is the most efficient ways to fund your startup idea of generating the much-required funds for your start-up. The banks usually offer two types of loans on these which include the capital loans and funds. Both have certain criteria to be fulfilled prior to its application and must be dealt with carefully to procure maximum funds. Several banks provide collateral-free business loans which can be utilized effortlessly.

Conclusion

Starting up a business can be a Herculean task and will involve several complications and confusions. It is hence recommended to consider every avenue prior to commencing a business venture. One should consider the aforementioned ways if they wish to taste success in the long run!

Tags: Angel InvestorBusinessFund RaisingIncubatorsStartup IdeaWays to Fund your Startup Idea
Ranjeet Roy

Ranjeet Roy

Professor, Writer, Business Consultant. Ranjeet will love to answer your queries at "[email protected]"

Related Posts

Razorpay Fund raise
Business

Indian Fintech Razorpay Raises $160M at $3B valuation, plans to accelerate growth

April 19, 2021
Business productivity
Business

How Technology Can Help Leaders Boost Business Productivity During Pandemic Outbreak

November 27, 2020
End to end business solutions
Productivity

How to Increase Business Efficiency with an End to End Solution

September 10, 2020
Post Lockdown business to do Seven Things To Keep Doing To Run The Race
Business

Post Lockdown: Seven Things That Every Business Has To Keep Doing To Run The Race

June 8, 2020
Business

IT Spending Indicators May Be Bottoming Out for Now but US Business Confidence Continues to Plunge: IDC COVID-19 Tech Index

May 22, 2020
Business afater lockdown, SME, MSME, things to do
Business

Top 6 Things to do After the Lockdown: for SME and MSME Businesses

April 23, 2020
ibm
News

Hidden Costs of Data Breaches Increase Expenses for Businesses: IBM Study

August 14, 2018
Load More
Next Post

Policybazaar deploys Trend Micro’s solutions to strengthen their security posture

ADVERTISEMENT

Expert Views

Nine Things to Check While Choosing A Cloud Service Provider
Cloud

Nine Things to Check While Choosing A Cloud Service Provider

April 12, 2021
How innovation in Fintech is changing personal finance
Finance

How innovation in Fintech is changing personal finance

April 9, 2021
DaaS
Productivity

Working Remotely: Desktop as a Service (DaaS) could be a great advantage for SMBs

April 6, 2021
Insurance Underwriting
Insurance

5 Ways New-age Technologies Can Transform Underwriting

February 5, 2021
Key Fintech Trends to look out for in 2021
Finance

Key Fintech Trends to look out for in 2021

April 5, 2021

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

Five tips for entrepreneurs to tide over the coronavirus crisis

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2018 CXO VOICE

No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain

© 2018 CXO VOICE

Go to mobile version