Top Sketchiest Way to Fund a Startup

0
27

Startup businesses require a considerable amount of money, even if they are small ones. There are many ways to fund your startup, however many of them could be really sketchy and must be avoided. Of course, the safest is the money that you have already saved and that will be part of your working capital. Even though, when this money is not enough, beware of the top sketchiest way to fund a startup.

startup2

Ghostly Partnerships

 You may find some advertisements that offer money to fund startup businesses under the premise of becoming your financial partner. This type of advertiser will usually ask you to put some money from your pocket to start with the paperwork required for the partnership, but it is only a scheme to rip you off, same as they ask for cash in advance to prove your solvency.

Using Borrowed Funds

Starting business owing money is not a good idea, but it can be even worse if you are planning to fund your startup with payday loans. Although there is business loans that could serve to finance your projects in the future, startup businesses may not be approved for these types of loans. However, almost anyone can get a payday loan, but not everyone can pay the high interest rates that payday loans generate, and may turn into a heavy load for your startup.

Looking at your Competitors Investors

There are people who think that it is a great move in their competitor’s direction, going to find who are their partners or investors. By doing this, you are supposed to talk about your business and how it can be considered above all those in which those investors are putting their money. This is not only a disloyal competition, but you might be closing the door to future investments in your business that they would like to make voluntarily.

Money That Is What You Want

One of the top sketchiest ways to fund a startup is getting money no matter how. This may involve blacklisting your family to invest in your business or borrowing love money from your friends without any intention to repay this debt, but making those participants of your success. While there are many other ways to fund a startup in a tricky way and get money fast, you must avoid them if you are really serious about your startup business.

SHARE
Previous articleThe Demand of Forex Education in The Market!
Next articleWhy You Should Never Borrow from Friends and Family

James is a financial expert who has contributed several business and finance related articles. His expertise and first-hand knowledge of economics makes his blogs and articles informative and helpful for those looking out for guidance and assistance in matters related to finance.

He has an active schedule of TV and radio interviews

He is co-host of the popular VT Radio show Jim and Gordie Show.

latest-articles-buttonJim comes from an old military family dating back to the American Revolution. Dozens of Confederate ancestors fought for the South in the War Between the States. Uncles fought in WWII and Korea. His father was a WWII P-40 and later P-51 Mustang fighter pilot. Vietnam found several uncles serving, a cousin, and brother Wendell as a young Ranger officer. His mother was a WWII widow at 16, her first husband killed with all 580 aboard when the SS Paul Hamilton, an ammunition ship with 7000 tons of explosives aboard, was torpedoed off the coast of Algiers.

He has been writing, speaking and doing public relations, television, consulting and now multimedia work for a variety of American heritage, historical, military, veterans and Intel platforms. Jim’s only film appearance was in the PBS Looking for Lincoln documentary with Prof. Henry Lewis Gates, and he has guest lectured at the Army Command and General Staff School at Fort Gordon.

Currently he is working to take his extensive historical video archives on line to assist his affiliated organizations with their website multimedia efforts, such as the Military Order of World Wars, Atlanta, Sons of the American Revolution, Sons of Confederate Veterans , Assoc. for Intelligence Officers, the Navy League, Georgia Heritage Council, National Memorial Assoc.of Georgia.

Comments Closed