Sunday, January 29, 2017

#3 MFS - Why You Should Raise Money - Raising Money for a Business Startup

Why should you raise money for your startup instead of bootstrapping?

First, raising money addresses 2 of my 3 critical success factors for a business startup
- Not running out of cash
- Having at least one partner or co-founder

Raising capital forces you to put your plan in writing and clarify your thoughts so you can pitch someone else.  Most people will require some form of business plan.

When you find an investor, it also validates the business... There is s big difference between someone 
saying that you a have a good startup and someone actually investing.

Is your business good enough for outsiders to put their money in it?

Investors can also be a great resource for introductions, advice, and assistance.

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?
Twitter: @RenCarlton

IG: rencarlton

1 comment:

  1. You need to plan all spending and how to run the business. Customer support is potential point in the business. A customer is the asset for you, who can bring others. To get professional help, you can try Customer Support Outsourcing to manage your customer more effectively.

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