Funding ways for your startup.
Startup means a newly established business. A startup is a young company founded by one or more entrepreneurs in order to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their families.
At early stage, someone doesn’t have that much capital to raise but they do have idea they have an idea, and they have to develop it, test it, and market it. That takes considerable money. So at that time traditional funding were done. To build up a company takes a lot of efforts and capital. Such as office space, seed funding (startup funding) to startups. Venture capitalists and angel investors actively seek out promising startups to bankroll in return for a stake in the company once it gets off the ground.
Startups have no history and less profit to show. That makes investing in them risky. If an idea seems to have merit, potential investors may use any of several approaches to estimate how much money it could take to get it off the ground.
Startup can consider where they want to locate their business. Either online or offline. If they choose offline like store than they had to hunt for the place and will have to give rent for the place.
Startups need to consider what legal structure best fits their entity. A sole proprietorship is suited for a founder who is also the key employee of a business. Partnerships are a viable legal structure for businesses that consist of several people who have joint ownership; they are typically straightforward to establish. Personal liability can be reduced by registering a startup as a limited liability company.
Funding is the most important part of a startup. You can take loans from banks. Startups may use a small business loan to commence operations. Banks typically have several specialized options available for small businesses; a microloan is a low interest, short-term product tailored for startups. If you want to qualify then you have to prepare a detailed business plan for that.
Indian startup differs from US as India has now become a leading global startup hub just like its American counterpart. The number of startups has grown from 7,000 in 2008 to 50,000 according to the latest report.
Now, funding is the major concern for the idea creators. But there is also other way to this. Investors typically want to see that a venture capitalist or angel investor has already put down a reasonable sum of money before they ever give any funding to Indian startups and their founders. So to get the right amount of money for a new startup in India you must have to already the right amount of backing. It’s easy to get going in India, but it in the later stages where funding becomes more problematic leading companies with no choice but to get international venture investors.
In today’s era, getting funds from investors is not a big challenge but to present them your business structure will be the tricky part. All you need is a good education background to start your business and have a proper knowledge about your field of business and where you look your business in future time. If you have proper knowledge about your field than you will be able to explain your investor more clearly.
What can you learn from India? Well, you can learn that Indians are not scared to try new things. Even the startup names are quite disrupting! Indians have a lot more potential and hard-work. Indians have the best quality and unique ideas that they have sustain their position in business also. Perseverance and a lot of hard-work and smart-work make a successful businessman. You need to trust the people around you and have confidence that they will take your business in the right direction.
To flourish your business you will need leads. For that you can list their business on Linkezee for free and can get verified leads. Linkezee is a local search engine and helps you get your job done.
India is a beautiful country with some great attractions. There are lots to see, and lots of opportunities to network with others. You will never have an excuse to miss out on new opportunities.
Startup helps to teach people many more things. First thing When you start your venture, never ever flaunt your designation. It comes back to bite you especially when you are the owner of a small firm.
If you give your 100% to this and when you will look back from the start you will see the lot different. If you manage to toil hard in this market you will gain many things you want to.