Venture capital is a key in entrepreneurship. Many people expressed that to start a business do not require substantial capital investment. It is indeed true, but as the development of a business, venture capital is still needed to develop the business becomes larger.
For some people, to get venture capital is not easy. Not many banks are willing to lend money to prospective entrepreneurs or prospective. The reason, they are not bankable.
Kathryn Petralia, Kabbage founder, platform leading online lending, which has funded more than US $ 2 billion to help businesses grow, explains the many entrepreneurs who borrow funds from Kabbage to support the business to a higher level.
There are many ways to be taken by the employer to obtain funds from investors through platforms borrowing. “Everything associated with the risk profile of an individual,” he explained.
Broadly speaking, Petralia said there are some steps that are usually taken by employers in order to get access to funding from investors on the site lending and borrowing of funds.
Here are some of the steps as quoted from Bizjournals, Thursday (16/03/2017):
1. Make a concept or an interesting story
You must have an interesting business concept. The concept should be able to tell you with good as well. Do not be too wordy in making story. You should be to the point.
More interesting if you attempt helpful or useful for others. It becomes an important point to be able to get funding. Bring others participated excited when hearing your vision and mission.
Businesses that have a neat organization will make investors interested. The lenders will usually seek udaha who already have a clear structure both for management, finance to sales.
Xero accounting tools, Quickbooks and Expensify can make your business more organized set up or wake up. It also emphasizes that you are very interested in developing the business.
3. Separate private business
You have to separate personal accounts to business accounts or business. Investors or lenders will not want membeirkan money to businesses that confounds the personal funds with business funds.
4. Build a strong team, including business partner
You can not create a thriving company with its own. You need some people to drive that growth. Investors want to make sure that your team can last a long time and is suitable for any task.
5. Do not rely on investors
Often, when people think of funding, they think to third parties. Actually, there are other options to be able to get financing is to borrow in the bank. Usually did borrow at the bank has no little interest, but the way that you can use.