The Best Options For Business Financing
Financing your own start-up is one of the main problems for entrepreneurs. Here are some of the ways to raise money and finance your start-up securely.
Friends and family
If you know people in your family or circle of friends who have a lot of equity, then don’t be afraid to present your idea to them. However, as with foreign investors, you should be very clear and honest about everything. Otherwise you risk damaging these relationships.
Nowadays this variant is cheaper than ever. 90 percent of all start-ups are self-financed. It may take a little more time until you have saved your start-up capital or start with little money. But the advantages are immense. You retain full control of your company and at the same time share 100 percent in the profits.