I came accross a blog post in the Huffington Post that I would like to share with my readers. The author, Nathaniel Cahners Hindman, wrote an article titled "8 Ways to Bootstrap a Business Without Going to a Bank". The link to the article is here.
The eight ways that Mr. Hindman describes are:
1. Crowd funding;
2. Microfinance;
3. Peer-to-peer lending;
4. Angel investors;
5. Venture capital funds;
6. SBA loans;
7. Community Development Financial Institutions; and
8. IRA/401(k).
So, for the start-ups out there: are you equally exploring all these options? I meet many start-up owners looking for angels or VCs. But how many of you know enough about the other six ways to finance your business?
Looking for less traditional sources of capital, just like thinking outside of the box, may be just what you need to enable your business meet yet another milestone and continue to grow.
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ReplyDeletethank you for these ways It could really help a lot...
ReplyDeleteBrilliant post! Thanks for sharing the link of that article. I think it is very applicable especially if someone don't have the enough capital in starting up a business.
ReplyDeleteThanks for sharing. I like how he described these eight ways to bootstrap a business.
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Your blog is pretty interesting. Thanks for sharing it. It is so interactive and informative.
ReplyDeleteI always hear about "angel investors" but I never caught on with the concept. What's an angel investor and how is it different from stock investors?
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Great post once again. I really love checking out your website for the reason that the writers often give us well thought pieces of information. These are all excellent suggestions which are thankfully received on start a successful business with a secure capital. Really great advice!!! Thanks for it...
ReplyDeleteI think Peer-to-peer lending is the better choice for start ups because you can pay at your friends terms and the rate is usually lower than if you try other means.
ReplyDeleteIf you don't mind can you can you give us the advantages and disadvantages of this so that we can choose the best way to start-up to secure capital. I'm looking forward for your response.
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