Submission + - Business finance raising
ivanob writes: Before you think about funding your business idea, it is vital to get a great deal of feedback on your idea, the last thing you want to do is take out a loan or borrow off your mum and then have to look her in the eye and say ‘sorry it turns out no-one wanted to buy my reusable toilet paper’. Don’t worry about putting your idea up online for getting feedback, it’s very unlikely that no-one has ever had your idea and I always think it’s the individual not the idea that makes the money. Be careful not to be put off though, a lot of people will just list the competition and say they have the market sown up. Ask them how come companies such as Red Bull and Google succeeded if you can’t beat the established competition. 9 ways to raise business finance for your startup idea. Personal savings, Friends and family, Crowdfunding ....