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Give Yourself the Money Hunting Edge
Whether you're looking for a small, short-term loan or actively pitching venture capitalists, strong preparation and planning can improve your chances of finding financing. You need to put your small business in the best possible financial light to make a good impression on prospective sources. Take time up front to get yourself ready for this process.
Traditional Funding Sources
Loved ones, friends, and friends-of-friends are the best place to start your search for capital. About three-quarters of start-up capital for the nation's small businesses is provided from family and friends or business owners themselves.
The New Rules for Dot-Com Startups
The hypergrowth needs of fast-growth startups have turned the old rules of venture financing on their ear. Five-year exit plans, 20 percent annual ROI, and 12-month negotiations are no longer the norm.
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