Once you have figured out a groundbreaking idea for a start-up and written your business plan to back it all up, you cannot always count on business angels to provide you with the starting capital. Here are a couple of original ways to fulfil your own destiny that have proven to be very successful in the United States.
1. Crowdfunding. If you are truly confident that your idea will be successful, you can use websites such as kickstarter.com to help you out. This is a website that connects creative projects to people that are willing to invest money in new ideas. In return, you have to donate prizes or incentives and if your company turns out to be a success, you have to give 5% of your proceeds to Kickstarter.
2. Peer lending sites. Another way to found your start-up is to visit websites such as Prosper.com. Once you have posted your story and credit scores on this website, individual investors can extend you loans.
3. Apply for social entrepreneurship grants and competitions. You may not always win, but it will certainly enable you to further refine your idea.
4. Friends and early adopters.
This goes to show that if you genuinely believe in your start-up, the sky is the limit!
Liesbeth Derycke
Source: CCNMoney.com
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