Every single business begins life in the same way; as a thought. As a single speck within a creative mind. That’s it. However, these small beginnings lead to a reality that a business needs to be more than just an idea to become a fully fledged realization. It needs a lot – it needs planning, it would need a team to carry out the vision, but it will also need money. While a business that exists in the real world can make money through sales and transactions, it needs cash to get started. Now, while there are a great number of business ideas that you can use that require little to no capital to start up, the vast majority of ideas are going to require funds to become a reality. You’ll need money to pay your staff, buy your supplies and rent or own your business premises. Cash is the lifeblood of business, and you’ll need it to get started.
Now, if you’ve got what you believe to be a winning idea in business, you are going to want to fund it so that your idea can become a reality. There are a number of ways to do this.
Firstly, you can save up the money that you’ll need to get your business off the floor yourself. This is done by working and earning a paycheck, but others gain money by investment returns and inheritance. This is all money that comes from oneself, and with this cash, you only answer to yourself as you hold all the keys – and the cash. This is the preferred situation, but most business owners cannot afford to kick off a business with their own cash.
If your business is already going and needs cash, you’ve still got options. Ecapital provides quick funding through factoring, and you can find loans for your needs. Even if you fund a business yourself, you can still get help from external sources. Your local Government might be able to provide support through business grants and start-up loans. You’ll need to spend a lot of time organizing an application for your grant – as all Government business funds do have an application process. However, if you are successful in your application, you won’t feel chained down by a lack of funds.
If a business isn’t privy to Government funds, it will need to become a master of appealing to others and investors to secure funds. A pitch requires a presentation of a business idea and a business plan in order to persuade investors to part with their cash and fund a business. What do investors get for their faith? Equity in the business and some hopeful returns that will pay the investor off in the long run. This requires huge attention to detail. If you make mistakes in the pitch, it can mean the end. Pitching to venture capitalists and funds isn’t risky, but it can be a huge waste of time if you are not prepared.
You’ll be able to find cash to fund your ideas in one way or another, but will you make a success of it all? That’s up to you.