I want to start my own business, but I need ideas for raising the money.
There are many ways to raise money for your business.
What ideas do you have?
Well, first you should look into different start up sources.
I have looked in my community for resources available to me, but have had no luck.
Then you should inquire at your bank for a business loan.
I did try to get a loan from my bank, but they do not want to help me.
Then you should definitely market your idea to a private investor.
I don’t want to rely on someone to guarantee my loan.
Well, if you have a product that you are sure will make money, then look into royalty financing.
What is that?
You will provide the proof of your future sales to secure a loan now.
That is a much better idea, I’m sure I will be able to get a loan that way.
After you have your loan, what else will you need?
I am looking for an office and I am also going to need a lot of special equipment.
You can just lease the items you need until you can afford to buy them.
Well that makes me feel better.
What other obstacles are you facing to raise money for your business?
I’m afraid that once I get started, it won’t make enough money.
Then you should consider selling shares of your new company to the public.
How will that help me?
If more people are financially invested in your business, they will be more concerned about it succeeding.
That is a wonderful idea, but what if I can’t find enough people to buy shares?
You can always look into angel investors, but it will mean giving up a portion of your company.
Well, if they can get my business of the ground and keep it running, it would be worth it.
Good luck with raising money for your business.
Thank you for all of your great ideas.