{"id":1581,"date":"2016-06-02T00:00:00","date_gmt":"2016-06-02T00:00:00","guid":{"rendered":"https:\/\/qa.simplifimoney.com\/blog\/how-do-i-raise-finances-business\/"},"modified":"2022-08-04T11:33:14","modified_gmt":"2022-08-04T11:33:14","slug":"how-do-i-raise-finances-business","status":"publish","type":"post","link":"https:\/\/www.quicken.com\/blog\/how-do-i-raise-finances-business\/","title":{"rendered":"How Do I Raise Finances for a Business?"},"content":{"rendered":"<p>With jobs hard to come by, many people are finding the inspiration to start their own business.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"Coins and green plant isolated on white\" height=\"339\" src=\"https:\/\/www.quicken.com\/blog\/wp-content\/uploads\/2022\/08\/stack-of-coins_0.jpg\" width=\"509\" \/><\/p>\n<p>Most aspects of starting a business are difficult; unless you&#8217;re loaded, financing it can be one of the hardest parts. Before running yourself ragged trying to find some cash, prepare a financial forecast with <a class=\"imn_interlinked\" href=\"\/personal-finance\/home-business\">small business software<\/a> so you&#8217;ll know how much you&#8217;ll need to stay afloat until the business becomes profitable.<\/p>\n<p>Once you have a financial goal, consider where you&#8217;ll get the necessary funds:<\/p>\n<ul>\n<li>First, hit up friends and family for gifts and loans. The loans that come from people you know will often be interest-free. Just make sure to put the terms of the agreement in writing.<\/li>\n<li>Meet with banks and credit unions, venture capital firms and private investors. Look for a bank that specializes in small business loans. Over the past few years, bank loans have become tougher to secure, so come in with a solid business proposal prepared with the help of <a class=\"imn_interlinked\" href=\"\/personal-finance\/home-business\">accounting software<\/a> for small business needs.<\/li>\n<li>Venture capitalists tend to invest in high-potential businesses in their early stages. They make their money by owning equity in businesses that succeed.<\/li>\n<li>Angel investors are individual investors who provide start-up capital to businesses in exchange for convertible debt or ownership equity. Use your contacts to find angels. They&#8217;ll be much more likely to consider your proposal if you&#8217;re a friend of a friend. Set up a face-to-face meeting to present your plan and make sure to practice your proposal. Investors look for people who are confident in themselves and their ideas.<\/li>\n<\/ul>\n<p>When it comes down to it, you need to figure out whether you&#8217;ll be better off paying debts or giving away a share of your profits. Either way, you&#8217;ll have to present your business plan with poise and confidence, so dust off the mirror, grab a video camera, and practice, practice, practice!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With jobs hard to come by, many people are finding the inspiration to start their own business.\u00a0<\/p>\n","protected":false},"author":17,"featured_media":1582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"How Do I Raise Finances for a Business? | Quicken","_seopress_titles_desc":"With jobs hard to come by, many people are finding the inspiration to start their own business.\u00a0","_seopress_robots_index":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.quicken.com\/blog\/wp-content\/uploads\/2022\/08\/stack-of-coins_0.jpg","_links":{"self":[{"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/posts\/1581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/comments?post=1581"}],"version-history":[{"count":1,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions"}],"predecessor-version":[{"id":1583,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions\/1583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/media\/1582"}],"wp:attachment":[{"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/media?parent=1581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/categories?post=1581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quicken.com\/blog\/wp-json\/wp\/v2\/tags?post=1581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}