If you are starting a new business, then you need funds if you want to make your startup bigger. If you have funds then you can expand your small business quickly. If your business expands quickly then no one can copy your business ideas. People can use your business product quickly.
How to expand your startup business quickly ?
Create a business plan and manage funds
Before starting a startup, many things have to be kept in mind and problems to be identified.
Avoid doing business without planning and fund management. This can get you in trouble in future.
To do business it is necessary to have funds and business idea.
Research on Market Analysis
Before starting any startup, it is most important to know the condition of the market. You need to do market analysis with your team, who is the competitor in the market of your business product. What is the best you can give to him.
Funding management
Funding is very important for a startup. Sometimes there are great ideas for startups, but due to lack of funding, they do not make any sense. However, experts say that funding should be taken only when there is a great need. There are many people who invest their money in good ideas.
Any business, industry and almost all types of companies have to pass through these five different phases during their life cycle-
Launch stage Launch stage,
Growth stage Growth stage,
Shake-out stage Shake-out stage,
Maturity stage
Launch stage Launch stage
Launch stage or it is also known as startup stage. Launch stage means when a company or business completes all the legal formalities or whatever the conditions are for starting its business, a startup.
Growth stage Growth stage
When a business crosses the launch stage or its risk-taking stage, then that business enters its growth stage. Now in this stage the sale of the services or products of the business starts and gradually the company starts building its own identity, reputation and credibility in the market and gradually it succeeds in winning the hearts of the customers.
Shake-out stage Shake-out stage
Shake-out stage means when a business passes several stages of development, then it reaches the shake-out stage. At this stage the business has progressed a lot. Here, the business is hitting a high in sales,
but the rate of growth in sales and revenue starts to slow down
Maturity stage
The stage that comes after this is the maturity stage. Maturity stage i.e. when sales, revenue and profits gradually start meeting in a prescribed ratio, then the business comes to the maturity stage. When businesses come to this stage, they try to expand their business further, for this they start investing in opening many other branches with new technology.
10 Ways to Raise Funds for Business
1) Find angel investor
2) Consider Bootstrap Funding
3) Take a business loan or business mortgage
4) Start networking
5) Try crowdfunding
6) Government assistant
7) Borrow from a family member
8) Find an investor
9) Get a business partner
10) Small business NGO
Consider Bootstrap Funding :
Bootstrapping means arranging the funds on your own. Means in the beginning no one will invest money in your startup, so in the beginning you have to arrange money on your own and at least you have to arrange so much money that you can start your startup by yourself first.
Try crowdfunding :
Crowdfunding is a method by which small amounts of money are raised from multiple investors to meet business objectives. It is a platform which helps in fulfilling the dreams of common people.
Crowdfunding helps startups and first-time business owners raise funds. The person who likes your project pays you money. Along with this, you have to tell that how and where you will use the fund, you have to give complete information about it. Social networking sites and web based platforms are used for crowdfunding. Crowdfunding platforms include Keto, Kickstarter, Catapult, Fundable, Fueladream, Wishberry, Indiegogo, Milap, etc.
Angel Investors :
Angel Investors are those people who invest in a business or start-up at the initial stage and in return take some stake in it. Angel investors are the main source of funding for any startup.
Venture capitalists :
Venture capitalists invest money in your business by taking equity. They exit the business only after the IPO is issued or after the acquisition. Venture capitalists not only financially support the startup, but also guide the startup in important matters.
Seed funding :
Seed funding means the smallest and first funding like a seed. This funding is what makes your startup grow. This is the initial money amount. In this, it is not your acquaintance, a family member or a friend who gives money, but an unknown person who gives money. In this, there is an unknown funding person who invests in your idea, so in this the investor gets a part of your startup. That is, the investor who invests money in your company in the beginning, gets a bigger share of your startup.
Initial Public Offering (IPO) :
When a company raises capital directly from the public by issuing its equity shares for sale for the first time, then this method of funding the company is known as ‘Initial Public Offering (IPO)’. To raise money through an IPO, a company needs to be well established. This shows the public’s trust in the company and its benefit. Anyone with a Demat account can buy shares by paying a fixed price. The funding that the company receives from this IPO is used to further its business.
Society Scheme :
Society Scheme is a scheme run by a mutual group, in which mutual people collect money and give it to the person who needs it. Then the needy person can do any startup with this money and after that the person returns the money gradually month by month.
Government assistant :
The government can also help you in taking forward small startups. In some cases, the government can provide funding for small business startups.
Loans from Banks :
Getting loans from banks is considered the first priority of startup enterprises. Meaning whenever it comes to taking funding, the main name comes only of loan. Getting money through banks is more convenient and reliable.
What are the things to keep in mind before starting your work?
According to makemoneypoint.com expert First of all, calculate ROI i.e. Return on Investment.
Along with the first benefit of investment, it is also necessary to estimate the risk involved. That’s why try adding the risk percentage.
Along with the time of investment, also evaluate the factors that happen before and after.
In any kind of work, to ensure economic success and for a long time, all kinds of possible risks should be estimated in advance. On the other hand, if you are making a huge investment in any area. So, in such a situation, it is very important to calculate the risk, to make an economic plan keeping the future in mind. Because once you invest in the wrong place, it is almost impossible to get your money back.
That’s why decisions related to investment should be made only by banging on all sides.
How to raise capital for a startup ?
Capital is an essential element for any startup to grow rapidly, without adequate capital, startups face problems in scaling up. Starting any startup or business and most importantly raising funds for it is not that easy, but if you work wisely and know how to get funding, then you can make your startup dream come true. Can accomplish and take it far ahead.
How to find Angel Investors ?
There are many investors like Hyderabad Angels, Indian Angels Network, Mumbai Angels who provide good funding to small and big startups and help in taking a start-up forward.
How to raise capital for a Small Business ?
Everyone wants to do business, but everyone also knows that doing business is not easy. Even if some people start their business, then after some time they face problems in expanding the business. In such a situation, these businesses need funds. best way check on makemoneypoint.com
How to fund raising for small business startup ?
In today’s time, everyone wants to be their own boss, for which most of the people are leaving their jobs and want to start business. People start startups but they do not know from where the funding will come for startups.
Any business is divided into three processes. Manufacturing, Trade and Service. Based on this, entrepreneurs fund their startups. Looking at these three parameters, any company decides to give you funding or not.
How to raise funds when you are a Small Business startup with great idea ?
Crowdfunding is an alternative method of raising capital. Through this people support new business by giving small amount. Crowdfunding companies act as a link between investors and companies. Such platforms are becoming increasingly popular.
Startup companies are resorting to crowd funding.
Which state-owned company has partnered with L&T and ReNew Power for a joint venture for green hydrogen?
[A] ONGC
[B] IOC
[C] REC
[D] GAIL
Correct Answer: B [IOC]
Notes:
Indian Oil Corporation (IOC), engineering and construction major Larsen & Toubro (L&T), and ReNew Power have announced a joint venture (JV) company to develop the green hydrogen sector in India. India is planning to produce 5 million tonnes of green hydrogen by 2030. In February, the Center launched the country’s first green hydrogen policy as part of its energy transition plan.
Which country’s Central Bank launched a new payment system called ‘HELLO’?
[A] America
[B] Russia
[C] Germany
[D] Sri Lanka
Correct Answer: B (Russia)
What is the meaning of G-SAP?
[A] Government Standard Aid Protocol
[B] Government Structured Airway Program
[C] G-Sec Acquisition Program
[D] Global Sensitive Administrative Program
Correct Answer: [C] G-Sec Acquisition Program
.