Finance is the lifeblood of any business, and in case it’s a self-funded venture, which needs a timely influx of funds to survive. The term startup in itself gives an incomparable satisfaction. Startups face a lot of problems and to be honest the failure percentage is very high. But you must have heard this saying “NO RISK NO GAIN”. Or “A PENNY SAVED IS A PENNY EARNED”.For a first-time businessman though, the world of funding seems complex and challenging. So, let’s try to dive deeper and have an in-depth understanding of financing options available to startups and how you, as a founder, can leverage this knowledge to fund your next venture. See, it is not necessary that every startup company will become successful overnight. It is quite obvious that time is required for the growth of the startup. Each startup is implemented and guided by an idea and that idea should get its due reward, and for any business, the most appropriate reward is its finance and goodwill.
Here are the solutions for building successful startups-

Equity Financing- It is not necessary that each startup will need a co-founder but if your startup is having a co-founder then this person shall contribute to business capital, share risk and participate in profit sharing as well.

Skills required- each startup does need the right talent. A right team would comprise of people possessing at least the following skills:

 
  • Marketing.
  • Consumer understanding.
  • Negotiation.
  • Technology.

Marketable product-

  • Proper analysis of the market to be catered to
  • Critical analysis of the product for improvement

Business plan-

  • Make a well drafted business plan comprising of a business model
  • Make it as structured as possible
  • Include marketing strategies

Persistence and commitment-

  • Golden words! easy to read, difficult to implement. Never leave your passion and always be committed and persistent.

Comments (2)

  1. admin
    October 24, 2018

    Some need to protect very valuable information. All these factors should be taken into account.

  2. admin
    October 24, 2018

    I ran Windows XP for a year to try to prove it. Less knowledgeable users can get their PCs infected no matter how much protection you give them. Software can’t protect people from themselves.

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