Article published by : Danny on Monday, January 18, 2016 - Viewed 607 times

Category : Fundraising

How to raise money for your non tech start up business



One of the easiest business ventures to get cash from is the technological business. This is because the entire world has now gone the tech way. It can therefore be so hard to get cash when the business that you are working on is one that is not tech related. Some of the ways that you can raise cash for a business that is not tech related include;
Crowdfunding- This is most definitely the best way for you to get capital for your business. This is an online fundraising platform with a difference. There are investors always ready to support the business. The best part is that you can even get partners that will walk with you all the way. This is something that is very good especially when you are looking to start a business and you have no idea where you can get the capital from. It is normally best for the startup businesses. The fact that you do not even have to offer a collateral is the other advantage you stand to gain. You will not need to have a collateral and you can be sure that you are going to get the cash very fast. This is not like the bank that will take you forever to get a loan. There are no processes involved here.
Relatives- These are also great and can come in handy when you are looking to start a business. There are so many relatives that will be willing to give you the cash. The best part is that some of them are willing to give the cash without expecting the return. You will also never have to worry about the pressure of returning the cash when you get it. This is one of the best things about getting the cash from your relatives. Most of the relatives will give you all the time you need when you get the cash from them. These are people that are never going to frustrate you as well. They will let you use the cash for the business in one peace.
Friends- Friends can also come in handy when you are looking for some cash that you can use for a business. The tricky part about friends is the fact that there are some friends who will frustrate you a lot. These are the sort of people who are going to ask you for the cash over and over again. Some of them will require that you even return the cash with some bonus on top. This can be very frustrating especially because in most of the cases the business will take some time to peak up. That is definitely the sort of pressure that you do not need.
For a non-tech business, these are the three main ways that you can get cash from the business. You need to make sure that you have weighed all the pros and cons before you do this. Always go for the option that will not cause you too much stress. Crowdfunding is always seen as the best option in most cases.
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By: Danny

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