Finding Startup Funds in a Down Economy

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Tue, Sep 1 - 11:50 pm EDT | 7 years ago by
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    While many economy experts promise that the worst is behind us, that positive news isn’t impacting most people as of yet. As a result, many would-be startup business owners are having a difficult time coming up with the necessary startup funds. Here are some ideas on how to find startup funds:

    Friends and Family
    If you have a rich friend or a rich family member, that may be the best place to go right now. However, be honest about the upside and downside to your startup idea. You don’t want to ruin a relationship!

    Bank Loan
    Although credit is still tight, some banks are being pressured to release their grip on money. Don’t shoot down this avenue before you give it a try.

    Government
    Most local, state and national governments are desperate for jobs. And since small businesses create millions of jobs each year, now is a good time to unveil your startup idea to a government agency.

    Yourself
    Perhaps the best idea is to rely on yourself. Find a way to bring more money in and turn around and pour that money into your startup.

    Startup Funds (Image: Flickr)

    Startup Funds (Image: Flickr)

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