Over 90% of new businesses get stalled or fail during the first year of operation. Lack of funding turns to be one of the most common reasons. Money is the fundamental requirement of any business. The exciting journey from the idea to revenue generating business needs capital. Most of the Businesses at almost every stage faced with the issue of raising funds for working capital or Growth?
When and how much funding you require depends largely on the nature and type of the business. It may be for value creation, business expansion, working Capital, product line expansion etc.
We at Business Navigators do not directly fund the Businesses but based on the Business Plan suggest ways and means by which that business stage can be funded. Some of such ways could be as under
If you want to grow really fast, you probably need outside sources of capital. If you bootstrap and remain without external funding for too long, you may be unable to take advantage of market opportunities. While the plethora of lending options may make it easier than ever to get started, responsible business owners should ask themselves how much financial assistance they really need.
To prepare your business for fundraising, it is better to start from the beginning with good corporate governance as it might get hard to go back later and try to exert fiscal discipline.