Know 8 Methods to Get Funds for Your Startup
Entrepreneurs must understand why they are seeking funding. Before approaching investors, owners need to have a clear financial and business plan. A startup may need funds for a few, or all the reasons stated below.
- Working capital
- Legal and consulting services
- Product development
- Prototype creation
- Team hiring
- Raw material and equipment
- Licence and certifications
- Marketing and sales
- Office space and admin expenses
The three types of startup finance are equity financing, debt financing, and grants. Each has its own set of merits and demerits. The startup funding landscape has expanded beyond venture capital and angel investments. Today, there are numerous channels for startups to raise capital. We've discussed eight of them below.
Source Url : https://www.resurgentindia.com/know-8-methods-to-get-funds-for-your-startup
Comments
Post a Comment