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How To Get The Bag To
Start Your Business
Start Your Business
By Pierre Clark
Stats
show that more than 60% of all small business startup funding for a
business comes from the founders and personal friends of the founders.
So you'll have to raise the first startup cash yourself and demonstrate
your business commitment and your concept's potential before investors
will be interested.
Writer's Note: Everyone thinking about starting a business wants to know: how to get the money. Here are some tips and strategies. (I'm using these myself. Let me know how they work for you.)
Here are 10 ways to raise up to $10,000 cash:
- 1. Host a fundraiser: Create an event, sell 100 tickets at $100 each.
- 2. Pre-sell your services or products. Sign up potential clients to contracts and collect down payments on account from each of them.
- 3. Sell stock shares in your company. If you start a small business corporation in Illinois, you can sell up to $1 million in stock shares usually without registering the company as a public corporation.
- 4. Hook up with a non-profit organization, start a program built around your product or service and write a grants application to solicit funding though the non-profit.
- 5. Enter a business plan competition. The Miller Beer Urban Entrepreneur Competition gives out $25,000.00 in grants to business entrepreneurs under 30 who are starting their own businesses. Kool Cigarettes sponsored a similar competition and there are many others.
