1. Bootstrapping. “Bootstrapping means using whatever resources you have on hand to help you get your business to the next level.
2. Friends and family. Entrepreneurs also raise money from relatives, colleagues and other people they know well.
3. Banks. A long shot because banks typically will only consider companies that have been in business for two years.
4. Grants. Tech businesses and start-ups launched by women and minorities may qualify for special government grant programs.
5. Angels. These are typically wealthy people who invest directly in start-ups to turn a profit. Unlike friends, family or neighbors, angels tend to be professionals in how they pick their business investments.
6. Venture capital. Nearly impossible to get; fewer than one in 10,000 start-ups qualify for venture money. Most are tech-oriented with tremendous prospects for growth.
7. Customers and suppliers. Customers might invest in return for special deals. Suppliers sometimes offer to finance machinery and other capital goods or inventory at favorable rates.
Photo by MSDesigns.
OttoMan on June 21st, 2007 at 8:46 am
any websites where we can find grants?