How to attract money to business
It so happened in Russia that it is very problematic, and in some cases completely impossible, to provide for himself and his family, working only for a salary. That is why more and more Russians are starting to think about starting their own business every day, but most of them end up before they start - there is no source of funding. It is understandable - there is not enough money for a living, and then the business will eat everything up, and it is still unknown whether it will bring the desired income in the future. But everyone can find money to open their own business if they wish.
You will need
Before looking for finances, make a clear and thoughtful business plan - this is your main tool, which sooner or later will make investors fork out. Also stock up with iron patience, because without it you don’t need to take up business, and no one will immediately put money in your pockets.
Instruction manual
1
Take a loan from a bank is not a small business development. To date, all more or less reputable banks have developed special conditions for business lending. Analyze all the offers submitted by banks operating in your city and select the most advantageous. It is worth noting that business loans are issued either on the security of real estate or an existing business, or on behalf of a reputable company, the management of which, having read your business plan, considered your business to be promising and agreed to represent your interests to creditors. Of course, there are banking organizations that provide business loans without collateral and guarantors, but the interest in such cases is over the top for unimaginable values.
2
Look for investors among those who may be interested in your project. For example, more than one web design studio has already arisen thanks to cooperation with investors who know that serious profits are now revolving around web development and provide developers with tools, facilities, computers, Internet access and everything that is necessary for the workflow. In this case, the income is divided according to the agreed scheme: for example, the investor is 40%, and the web developer is 60%. Again, the main thing is to find a target investor who will not spare money to invest in your business.
3
Use the income that your business brings for its own development. Believe me, it’s better not to get anything for the first 1.5 years than the rest of the life of your business to be content with kopeks that were received from a fragile project.
4
Take part in various startup competitions. For example, good funding can be obtained from the Por Russia Association of Entrepreneurs. But only the most worthy projects will receive the money, so be prepared to prove that your business is simply shining with promise. It would also not be amiss to apply for financing to a venture fund.
5
Attract personal funds or funds of your friends and acquaintances in your business (of course, on terms favorable to them). Nothing terrible will happen if you seek financial help from your family, because when your business begins to gain momentum, the lion's share of your income will go to your loved ones.
note
Be careful - there are a lot of scammers around who are just looking for new businessmen. Anyway, entrepreneurship in Russia is a very risky business.
Useful advice
Business is a very laudable occupation that trains a person’s personal qualities, raising him one step higher than the common people. But you should not go headlong into entrepreneurship, remember about the family and relatives, because with the support of those close to you, any business will be submitted.
