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!
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.
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.
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.