Get creative when it comes to saving so that you can scale smarter.
Categories Startup Financing
How are you going to pay for THAT?
From crowdfunding campaigns to venture capital, from bank loans to bootstrapping, there's no 'right' way to finance a new business. Depends on the business, too; whereas a product-based business or tech startup might need $1 million from angels (or friends and family) to get off the ground, a service-based business might be doable with just a couple hundred bucks in the bank. For others, incubators and accelerators provide a needed combo of mentorship and capital.
Learn everything you need to know about YOUR situation, from how to put a valuation on your budding startup to what makes a pitch deck brilliant (vs. boring), here.
Devote some time to developing your investment strategy, in whatever form it might come in.
Take your time to make sure the person in this role can meet all of your company’s needs.
The key to a successful campaign is hard work and preparation — not good luck.