5 easy ways to raise capital for your startup

The most difficult phase any startup founder would go through is getting funds for his own startup. And the most common question asked by startups is " From where do we get funded?" Let me remind you, it's no more the traditional way where you had to follow and persuade the investors to invest in your dream project. If you have a great business idea, you just have to make sure it reaches the world. The world is there to fund you.  Here is an overview of some of the best ways to raise capital  for your startup.

• Crowdfunding

The most convenient way to gets funds for your startup is through crowdfunding. There are tens of websites on internet to help you with the crowdfunding process or you can even directly reach the audience on your own. Crowdfunding is not limited to your financial gains but there are also some non-financial benefits such as engagement with the audience, building up your startup's profile and so on.

• Conquer the Startup competitions

There are a number of startup competitions all over the world where you have to pitch your business idea. If your idea is smart enough to win the competition, then you are nearly half done with your funding. Never get down if your idea doesn't yield the results in a competition. Look up for the flaws, get going and come back stronger for the next competition.

• Vendor Financing

Getting the office equipment financed is called Vendor financing. There are many finance firms which offer complete financing on every equipment that your startup needs. Getting finance for these tangible assets is a lot easier than you think and you can save quite a lot of bucks in this way.

• 'Old is Diamond'-Follow the traditional barter system

It's as simple as-'Barter things you have for things you need'. Be it investment or be it office space, negotiate terms for the things you really need and in exchange provide things you have such as offering them free services or getting them referrals through your organisation.

• Friends and Family members

Not to forget are the people who walk with us in every chapter of our life-our friends and family. They are the ones who will willingly contribute money in your business to support you. But avoid borrowing too much as it will potentially become a risk to your personal relationships. Remember, you are the king of your own kingdom. Everyone is your kinsman, you just have to reach out to them to kick-start your business.

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