| Topic : Self Financing for your Startup.... |
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Customer Relationship Management
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Activity:
79 views;
last activity : 03 02 2011 09:39:43 +0000
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Mixed source
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Secure a loan from friends or family
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Go and pitch your ideas to Angel investors
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industrial loan or bank loan
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Find Private Investor
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Considering a home-equity loan or second mortgage...
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venture capital finance is not wide spread
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Report
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Opening OD Account with bank against collateral.
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Venture Capital
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question
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Start ups
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OPEN CD ACCOUNT IN BANK STRAT WITH A SMALL WORK AND GAIN THE CREDIT IN MARKET.
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You can apply for a loan from bank
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personal, friends ,family and incubator investment
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deposite the few money in bank for future,loan etc
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look for a secured loan
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How a film maker look for Financier the same way, money is to be collected.
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Kaliyamoorthy is right a mixed source is a better option as family & friends might be some help as taking the whole amount from bank might be stressful.
i like this idea it should depend on the requirement of fund then choose the source from above said points
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Getting a loan from friends or family is not as easy as picking up the phone and asking. Will Uncle Kumar want a share of the business, or substantial collateral if he loans you money? And Do you feel comfortable saying no if he asks? Do you plan to pay back the money in a defined period of time? In seeking or securing a loan from family or friends, set a limit on the time you will take to repay them, and be clear about what they are or are not getting in terms of equity and collateral. |
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To raise money for a startup on your own, the main recourse will be to depend on one's own available money and relatives and work out the schedule by when you will be able to return the money and interest rates, as applicable and other factors.
If the idea is good and fully implementable, there are many venture capital funds willing to invest, but it requires a lot of work before the money will be invested by the VC funds.
Thanks for the referral, Jagdish...
THIS IS THE BEST OPTION AVAILABLE TO RAISE YOUR FUND FOR A STARTUP CO.
Yes jagadish I agree with you since it is not easy to secure loan from friends or relatives hence once taken the repayment will automatically will be done in time since the person who has taken loan knows that returns will be sufficient to repay the loans and by doing so it opens the door of all other friends and relatives who they will be eagerly awaiting when their turn will come to offer loan.
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There are more and more investors who is interested in start-ups. Even in times like this. Therefore if you believe in your idea and can set up a realistic goal and business plan, then try to pitch your idea to Angel investors. They are often middle to high income private people who is looking to invest 50.000 USD or (much) more in a realistic project. The good thing with Angel investors is that they are often interested to invest in projects where they have an special knowledge in, and therefore can act as adviser in one or more start-ups.This would give you an added advantage in competition with other start-ups. Angel investors can quite often be found in the expat community of where you live. I have seen a lot of projects been presented to me, and first of all be realistic in your approach. Investors do know that 3 goats does not make a farm. So be realistic in your plans, and especially in how the growth market is and how you are going to expand and secure your immediate sales, to cover your operation expenses while your mature your product or service. Good luck!
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Once the Project is Sound & Attractive. Funds usually line up.
to my opinion an angel investor can plug more ideas and can improve in growth and also help in sufficent fund as mr ronny sir told .
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can aproach the district industrial center and get the benifit of PMEGP ( PRIME MINISTER's EMPLOYMENT GENERATION PROGRAMME)
Or also a banl loan
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This is a good idea and easier also at a minimum intrest rate you can start up.
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There are many people with lots of money looking for venture to invest it. If you can find one of them and convince them then your problem will be solved.
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Always be ready with your business idea, project report and terms and conditions you want to put forth to investors. Be flexible with your terms to suit the investor.
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You can self-finance by taking out a home-equity loan or second mortgage, but don't consider this strategy unless you have substantially more than 20 percent equity in your home. If you have any less, you may end up placing all your equity into your business, with little or none in your home. If the business fails, you could lose the house as well as the company. |
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Anamika I am in agrement with your point of view also.
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Venture capital finance idea is not as wide spread in India as it is in US and European countries. |
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feasibility report should b rooted thru concerned ministry for them to understand and make them to initiate necessary action for financial support. By doing this private public participation can b made which in turn will ensure the foremost thing market stability.consumer confidence will automatically grow. Instead of running to institution for any financial assistance this method can b taken seriously in future. Indian economy is mixed in nature. And a healthy sign for a developing nation. |
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It depends upon your requirement of funds.You can approach banks for opening O D Account against your collateral. i think this the best option if market capitalization is not possible. |
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Budding entrepreneurs can present a feasible business plan and approach any of the venture capital firm as they are specifically for this purpose
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There are many private and Public participatory institutions which are working solely to develop new entrepreneurs and help them in every way to become successful. There are two with whom I am working and these are BYST ( CII MADRAS) and Venture East . Both are in Chennai. You can get in touch with them.
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Open a CD account having suitable limt, itcan be opened against your immovables and some deposits.Except this you can start with a small project and gain credit in market , it may help you better than your limit this may be increased as your work / projects size increases. |
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this is depend upon the concept of business plan and skill of entpr. how much the business plan viable and innovative, when and whrer to start and what amount of capital require upto first stage of finance.
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I agree to your idea but in my view the members from whom you are seeking investment must be of your confidence.may be friend , relative or family member.
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when somebody plans to start his own venture, the first and foremost is start up funds.. while the entreprenuer would have his own funds to start, raising money for the venture is a uphill task but a very vital task which have to be planned. today many banks/FI's provide secured loans for such start ups.. one way to look at raising funds is by approaching such institutions for funds.
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Yes vinoy I agree with your opinion.... need to change a lot... :):) |
No you can't love your work or workplace all the time. If that would have been the case all should have been best performers. So love with commitment and knowledge will help you to be successful at workplace..... |
Start-ups rise fall like seasons come go. few of them withstand the blows of time but many fade away. So, guys please suggest why do many startups fail? |
