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Business Ideas Forum
Funding a business
How to raise funds for your business from family and friends
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[QUOTE="Yusra3, post: 335926, member: 31907"] When calling on friends and family to help fund your projects, discuss only about how the cash will be used and also indicate a rundown of how you will make payments or compensate them. Your business plan and realistic financial forecast must be fully disclosed in an investor's pitch. Test reaction on a small scale first to insinuate the extent of interest and, later on, large donations. Condition any signing of funds distribution contract in writing in order to avoid misunderstandings with regard to the repayment time. Stay humble and close with them by giving the feedback and results of business constantly. Delight early backers with special privilege gifts. For example, give away early samples or preferential coupons as their way of saying 'thank you' for advertising their venture with their support capital. [/QUOTE]
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Funding a business
How to raise funds for your business from family and friends
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