Startup Funding Online

If you are interested in starting your own online company at all, there’s no time like this one. We are living in a golden age of riches. As much as the media attempts to glorify our society’s perils, we are truly living in a world that is mature with opportunity and potential for tremendous business development on a scale that has never been witnessed before. The amount of commerce conducted online has experienced exponential growth, thanks to the internet and smartphones.

Considering that nearly every brick-store has made the transition to an online business, competition is certainly not lacking. But there is a lot of so-ocean too. Although most would make it look as though Amazon is the only company here to reap the benefits of the ecommerce boom, growth is widespread and in business in every single industry.

It’s nice to have a huge, billion dollar making idea for a new business or start-up, but what now? You’ll also need a website, a full tech team, office space and, at least enough money to pay your rent each month.

The beauty of the internet is that with very little or no resources you can practically have a Startup Funding Online company. When you understand the online marketing dynamics, or if you’re great on social media, you’ll find it easier. But to start your business online, you needn’t be a pro. It takes a bit of legwork to start an online company. There are ethical and financial hurdles you will need to spring through. Before taking the plunge it is necessary to consult with an attorney or your accountant. Once you’re ready, Startup Funding Online is easy, even with little capital, isn’t just a possibility, it’s a very strong fact.

Which is to say, you need money. Even if it’s a hip new app or a latest swanky café, most companies and entrepreneurs need some investment in the beginning days to really get off the ground.

Start With Bootstrapping

Many entrepreneurs are found to be using “bootstrapping” before they get going, which means funding the business by scrapping any personal funds you may put together. That usually includes savings account, your credit cards, and any lines of house equity you may have.

Under certain situations, a better solution is to use money you have, especially if you need investing or raising funds, in reality, some entrepreneurs tend to do bootstrapping until their company becomes profitable. This could be helpful, because it may mean that you won’t have large loans as well as monthly payments that may bog you down, particularly if you run into a snag or two along the way.

If you’re looking to rapidly scale up your company, bringing in funding from outside sources can be advantageous. So, what happens when your funds do run out, or you may decide that you need more? At the end, this will depend on the type of company you are creating, but there are a few popular places to begin with.

Remember Friends and Family

Asking for money from friends and family may sound like a very daunting prospect, but asking those closest to you is always a successful first move until you get external support. And yes, inquiring can never cause too much pain.

However, before you begin to ask for money from your friends and family, you should have a proper business plan on hand. That way, you could explain precisely what you’re selling, what you’re planning on paying, how you’re going to make money and if you do ask for a loan, investment, or a donation (i.e., whether they can expect to receive back any money they’re putting into your company and if so, exactly how much).

Consider Alternative Sources of Funding

When you’re looking at a fairly small sum of money (an amount from $25 to $5,000), there are many micro-organizations lending to start-up entrepreneurs, including Kiva and others. Such services are tailored for low-income business entrepreneurs in the U.S. or for those working for social benefit (and some give micro-only to those who live below the poverty line). If you believe you could apply, visit their websites for more info.

Another alternative is the increasingly used crowd-funding sites, such as Kickstarter, which will provide you with a website for raising money from individual,  and small supporters. Small businesses’ economic effect is profound: $11 trillion a year, according to the latest US estimates available.

Small Business Management

There are approximately 30 million small businesses in the United States and they employ half or approximately 57 million private labor forces in the country.  Of these businesses, the vast majority employ five or fewer employees.  Indeed, the new SBA study reports that almost 80 percent of small businesses are sole owners.

Second, for men and women, self-employment is often the only way to provide for their families, yet establishing and maintaining a small business is hard work. There are often major barriers preventing people from succeeding.  Helping them conquer the obstacles, helps everyone on the way; from your own family to your neighbor to your community, state, world.  In other words, helping small businesses succeed is like a “chain reaction” that lets the economic engine work smoothly and efficiently in America.

What USA Funding Pros does, beyond words, is gratifying.  And recognizing that we support in the communities we represent at the grassroots level is a blessing and an honour.