where can i get money to open a business?
Often, family and friends of these entrepreneurs are often sources for business money. Some entrepreneurs will try to find loans. Others hope for grants–or free money–to start their businesses. However, these sources don’t always answer the question where can I get money to open a business, because these sources come with strings attached. Some people are hard pressed to ask family and friends for loans. Bank loans are hard to acquire. Grants often require lots of legwork and paperwork. So, the entrepreneur is left with no money and the question, where can I get money to open a business, left unanswered. The entreprenuer may be able to “boot strap” his or her finances. Boot strapping means to open a business on a tight budget, or engage in other opportunities that will help provide funds for the venture. Online Investing AI should know–that’s what we’re doing, at least for now. Online Investing AI is developing advanced technology to help traders and investors create wealth–maybe e
Do you own a house with equity? Do you have friends/family who may loan you the money? Put together a business plan so that any potential investor or bank can review your idea and ensure that it is complete and viable. Talk to a local bank. Talk to the Small Business Association in your area. You may need to incent someone to loan you the money by structuring a deal where you may them back two-fold, or three-fold. You have to recognize the risk involved, and since the loan appears that it would be backed by zero collateral, the money is completely at risk, and the investor should be compensated appropriately for taking on that risk. Also, because of the level of risk, an investor will want to know that you are serious and have thought through many of the logistics and details of your plan (hence the business plan).
