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6 Quick Tips to Finance and Help your Business by Mikus Kins
1. 6 Q U I C K T I P S T O F I N A N C E A N D
H E L P Y O U R B U S I N E S S
B Y M I K U S K I N S
2. No matter what you can say, we are in
the golden age of entrepreneurship.
3. We have become a generation where
companies such as Google or Apple
have taken the cornerstone of a
concept and developed them into
corporate entities.
4. But even with this
fast emerging market,
the same problem
continues to hinder
the success of many
startups and new
entrepreneurs. That
problem is funding.
5. Finding capital for a new business can often be challenging,
especially in this economical climate. Securing these types of
funds can be the difference between failure and success.
6. To help you find the
necessary financial
funding you need
to operate and
optimize your
business to the
fullest, here are six
helpful and
advantageous tips
you can utilize to
get you and your
company on the
right path.
7. 1 . B E R E A L I S T I C
• When it comes to your
business, you want to make
sure you have a business
plan that is scalable,
profitable, and tangible
• Understand your finances
• Try and gage how the
public will be receptive to
your product
• Be realistic with your
planning
8. 2 . N E T W O R K ,
N E T W O R K , N E T W O R K !
• In the world of entrepreneurship, access
a larger group for financial funding
• During this process, especially when you
network with individuals looking to
invest in your company, you will
inevitably have to pitch your business.
• Make sure you work on your public speaking
skills. Be confident, captivating, and
memorable. In addition, make sure you know
the ins-and-outs of your company
• Be able to answer all questions of your
company, its vision, its goals, and its finances
9. 3 . D O Y O U R H O M E W O R K
• Know your company’s
vision, goals, finances,
expenses, projected
figures, marketing ideas,
etc.
• Know the people you
are talking to. Know
their background,
careers, and purpose for
your company.
10. 4 . G E T A B A N K L O A N
• Bank loans are often
common method for small
businesses
• If, however, you are
looking for something
financially smaller to get
your foot into the door, try
securing a microloan.
• Certain microloans can range
from $500 to $35,000.
• At the end of the day, you
want to be realistic with the
amount you get
11. 5 . A LT E R N AT I V E
F U N D I N G S O U R C E S
• Look at crowdfunding sites like
kickstarter.com or gofundme.com
• The sites give you an opportunity to raise a
specific amount of capital to fund your
business or your projects.
• For this to work, you need to make your
product appealing. This goes back to doing
your homework. Make sure you know the
ins-and-outs of your business and your
products.
• Discuss the company’s history, how the
product came to be, and the benefit the
product can be for the entire public.
• To further enhance your business’s
popularity and increase donations, create
high quality videos, pictures, and marketing
ideas that can hit home to a variety of
people.
12. 6 . G I V E U P S O M E
O W N E R S H I P
• Providing an equity based-
crowdfunding or ownership
to your investors can
provide you with the
necessary funds to launch
your business to the next
level.
• Many big companies have
succeeded on this idea
especially when scaling a
startup into a big business.