Primary Ways to Finance a New Business and the Principles to Keep in Mind

Small Business Startup
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February 10, 2019
1 What are the primary ways to finance a new business? How would you expect to finance your business in the first few years? What are 2-3 principles you will keep in mind as you go about securing the necessary finances for your business?
Finding capital is perhaps one of the most difficult and daunting things to do for any startup company. Much of these difficulties come from the people’s doubt as to the effectiveness of the business model, the experiences of the management, as well as the perception of the consumers towards the products that it is trying to sell. Nonetheless, knowing where to find funding could make this job a little bit easier. Some of the traditional ways to fund a business include angel investors, bank loans, and partnerships with colleagues. However, each of these options has its own advantages and disadvantages. These days, other types of funding could include ICOs and crowdfunding, which utilizes...