2016 is all about startups, and anyone with at least a bit of entrepreneurial spirit is going to try and start their own business. However, starting a company requires a significant amount of money. In this situation, most people either save or borrow in order to get started. Still, it doesn’t have to be this way. There are so many other ways out there you can finance your startup. With this in mind, here are 10 most creative (and most rewarding) methods.
Kickstarter
If you have a great business idea, but no money to make it happen, you can always turn to Kickstarter. Here, you get to share your vision with the rest of the world and all those believing in you (or in the plan you have presented) are free to donate for the cause. Most modern …show more content…
Even though you are asking for money, it is not that personal, so it is easier to bear. On the other hand, sometimes, it might be best to just muster your courage and ask your friends and family for financial support. Still, some would argue that this is the easiest way to ruin a relationship, so in the end it is up to you to decide whether this is the risk worth taking.
Side Business
One of the reasons why a lot of people decide to start their own business is because they are fed up with their day-jobs. However, the first few months of being your own boss might not be the best time for you to quit. If you have a good paying job (even if it is the one you hate), you can use it to financially fuel your startup. Sometimes, you have to take one for the team.
Presale
Some companies use presale as the method of financing. Sure, the production stage may not yet be over, but if your product is promising (not to mention famous) enough, there will always be those willing to buy it in advance. There are some risks of your product not living up to their expectations, but financially speaking, that is their risk, not yours.
Kickstarter
If you have a great business idea, but no money to make it happen, you can always turn to Kickstarter. Here, you get to share your vision with the rest of the world and all those believing in you (or in the plan you have presented) are free to donate for the cause. Most modern …show more content…
Even though you are asking for money, it is not that personal, so it is easier to bear. On the other hand, sometimes, it might be best to just muster your courage and ask your friends and family for financial support. Still, some would argue that this is the easiest way to ruin a relationship, so in the end it is up to you to decide whether this is the risk worth taking.
Side Business
One of the reasons why a lot of people decide to start their own business is because they are fed up with their day-jobs. However, the first few months of being your own boss might not be the best time for you to quit. If you have a good paying job (even if it is the one you hate), you can use it to financially fuel your startup. Sometimes, you have to take one for the team.
Presale
Some companies use presale as the method of financing. Sure, the production stage may not yet be over, but if your product is promising (not to mention famous) enough, there will always be those willing to buy it in advance. There are some risks of your product not living up to their expectations, but financially speaking, that is their risk, not yours.