Prakashan B.V

6 years ago · 2 min. reading time · ~10 ·

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What if you are not able to get the funding to take your #startup forward?

What if you are not able to get the funding to take your #startup forward?

d0e818f4.jpg #startup forward?">

All business entities goes through a period of cash-burning while struggling to establish.

It could even take several months(or longer) to achieve break-even for many such startups.

While keeping in mind these unpredictable factors, optimistic thinking for a good startup idea also require proper planning for the next level of investment ,right from the beginning.

Because there shouldn't be a gap period waiting for funding to take place and proper progress should ideally happen seamlessly.

Once when awareness is created for a particular product or service through test marketing after the initial incubation of the idea , the customers won't like to wait for too long for the product to be delivered/service to be provided.

So we need to plan in advance through a long term planning mechanism right from the beginning on how this particular systematic investments in proportion to a planned growth are to be made and the sources of likely funding partners also need to be identified and kept ready.

#Step by step: To start with any idea initially we need to put own fund at first(ideally, need not be necessarily though..) so that we could generate more confidence while we look for the next level of funding from other sources.This bootstrapping is a way of getting started with probably less risk if you are really convinced about your idea and extremely passionate about it .The four relevant phases of bootstrapping being starting positively, scaling it up appropriately, optimizing as needed and validating.

Next option..Crowd funding for taking it forward..Asking friends, family members and others who believe in the idea to pitch in with money.If the bootstrapping stage has crossed successfully with measurable results and achievable future plan for growth then all that is required is honestly convincing them to be with you with their (hard earned) money.

Instead of crowd funding ,Once we know that this idea is taking up well then we could go in for loans from government or even approach the angel investors with proper long term business plan.We could, if things are working out well also plan for VC funds in advance and opt for startup acceleration methods to cater for a bigger market.

What if you are not able to get the funding to take it forward?

#Other way?

If the existing customers are happy and willing to give advances or even ready to partner with us then that would be the best method to gather more funds for enhancing the operation.

You may like to read more about this unique method by clicking on the link of the article given at the end("Turn Your Customers Into Investors").

"Regardless of the financing approach, now is the time to focus on building a community of users, fans, customers and vendors who are excited about your company"

Thanks for reading . #1.Link : "Turn Your Customers Into Investors".#Text Copyright © 2017 by Prakashan B.V www.bvprgjconsultants.com .All Rights Reserved #Disclaimer: Any issue with any or all contents used in this post, should be directed to the author. Write to us..managementconsultants@bvprgj.com or startupsupportingconsultants@bvprgj.com


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Comments

Lisa Gallagher

6 years ago #1

I love the part of your video where it says, "Turn your investors into customers." Great philosophy

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