How to get money to start a big business?
Topic: Write a small business plan
July 19, 2019 / By Evelyn Question:
So ive thought about starting up a business sometime in the next 4-5 years. And i dont want a small business, i want to start a corporation (And i know the benefits and risks of it). And i know i can save money from working but what are some ways to bring in alot cash for starting the business. Like i know there are loans out there and such but are there other ways??
Best Answers: How to get money to start a big business?
Colena | 9 days ago
It all begins with a business plan. Write one and revise it over and over. Since there's no strict format for a business plan you don't have to be strict about that. But you should look up other business plans online or at libraries to use as examples, if you've never seen one before.
The business plan not only helps YOU spell out the purpose and substance of your proposed (or existing) business, it also helps others - such as investors and lenders - know just what your business is about and how they can benefit from it. Which leads us to the answer to your question.
You get the money from investors (venture capitalists) and lenders who you can convince to go in with you. They will likely ask very tough questions of you (as they well should) before they hand over their hard-earned money to your venture. Some may even demand to become partners with you, thereby possibly relegating you to a minor role. (How would you like to have only a 10% interest in a company you founded or conceived?) You could wind up watching for the most part others run and control your business before you sell your interest at what should be a very beneficial payoff. It all depends on the need and validity of your business idea and on how well you manage its inception such that you won't have your idea stolen right out from under you without ever seeing any real benefit. So, you should educate yourself as much as possible - unless you're already quite "streetwise"!
By the way, incorporating has nothing to do with the size of the business. A corporation can be a "one-man" operation! But you can also start right off with a large business if you really know what you're doing or can successfully bring those who do.
👍 286 | 👎 9
Did you like the answer? How to get money to start a big business?
Share with your friends
We found more questions related to the topic: Write a small business plan
Originally Answered: I want to start my own business some day, do I need to change my major to Business?
Stick to education and get your degree. Once you have your BA you can always go for a Master's in Business if you really want it. If you are planning to start your own company, and it is related to the educational field then your degree will help. If you need to get a job and work for someone else for a while before you start your business, there are lots of jobs that are educationally related.
If you just want to keep going to school for a while, sure, switch it out and minor in education. But whatever you choose to do, get your piece of paper. Once you get out into the world, unless you are looking at technical jobs, you'll be surprised by how much the piece of paper means, but not what is on it.
This Site Might Help You.
How to get money to start a big business?
So ive thought about starting up a business sometime in the next 4-5 years. And i dont want a small business, i want to start a corporation (And i know the benefits and risks of it). And i know i can save money from working but what are some ways to bring in alot cash for starting the business....
👍 120 | 👎 0
It's likely that big business will back her health care plan. She very carefully crafted it so that all business interests, from large to small would benefit from it as well as our citizens. Witness what just happened in Michigan with the car industry. In order to stop the strike and make a deal with the unions, what ended up suffering? The retiree's health care benefits. Meeting health care costs is a large factor in many of our businesses heading overseas. The costs are breaking their backs. So give them a solution they can get behind and it brings a lot of those jobs back home and prevents others from being farmed out off our shores. It makes sense for both businesses and our citizens.
👍 112 | 👎 -9
For the best answers, search on this site https://shorturl.im/axnGI
you have to learn to raise money from investors. You don't have to be like the big shots you hear about on TV, there are plenty of entrepreneurs out there that do very well. But it's an art, and you have to master it. Two examples of people you will not see in the national news that have mastered the art follow.
👍 104 | 👎 -18
Do you have money in your retirement account? If so, you could use that money to start a business. In fact, Thousands of small business owners have financed their startup with a 401k small business financing strategy.
👍 96 | 👎 -27
Without starting small business, you can not go for start corporate business. No bank will help you if you can not prove your performance
👍 88 | 👎 -36
Originally Answered: Start my on business?
Don't worry about the key board thing, it happens to all of us and if they say it doesn't, they're lying!
I'm not sure what type of business your looking into starting. So it's difficult to point you out in the right direction.
I suggest you start your own home based business. Having a home based business is great! You need to find something that you believe in and sale a product that everyone needs. The income opportunity is incredible. Most home based business cost under $500. Some cost more depending on what it is you want to do. They're more cost effective and don't have all the over head that traditional business have.
I don't know what you like to do, so I can only tell you what my husband and I started over six years ago and point you out to some others to take a look at. Ours well supports our family of six. We have four children ages 10, 6, 3 and 1.
We got involved in the telecommunications industry with a world wide company that's over 15 years old. We've been featured in several magazines Inc 500 rated us the 22nd fastest growing company. They offer services that people use every day and pay for anyway, but now they can have a lower cost. Services such as local and long distance phones, Internet, digital phones, video phones (you can see the person your taking to live)VOIP, Satellite TV, and all the major cellular phone companies like Verizon, AT&T, Sprint, T-Mobile, Alltell, Nextell etc. have partnered up with them too.
How many people do you know, or know of, that uses one or more of these services? How would you feel if you could save people money on services that they're already using, or offer them services that they don't have but want? Every time they pay their bills each month, you make a percentage off these bills every single month. Huge income opportunity. It's incredible how much money is involved in this industry.
If you'd like more information feel free to email me and I'll be happy to pass it along to you.
I also created a blog on my 360 page on home based business's. There's over half a dozen different ones to take a look at. Your more then welcome to browse through them. If you find one that's interesting, contact the person who wrote it and they can point you out in the right direction.