Why Getting Funding For a Business is Hard

[moonchild]

Funding a business or raising funds from investors or equity firms is not an easy task, you have to convince them beyond measure that what you're doing is very important and you have a proof that it works and also most investors are looking for people with track record donut you don't have a good track record it'll be hard to get funded.

But nevertheless, investors are funding start-ups and also giving them benefits of doubts to prove themselves, I think the most important thing when seeking for funding is to actually have some proof of concepts as many investors do not put money on ideas alone.

If you have any experience in raising money you can go ahead and share know comments.

 

[Yusra3]

Many beginners find it difficult to secure funding to start their businesses because their businesses lack chance to prove; they have a limited credit history, and they lack solid financials. Investors and the finance sector need proofs on solid revenue, good management and well thought-out business plans before they invest in an idea. Further, struggle to acquire funding sources is there in which competition is very enormous. For the venture to stand out and ensure that the respective funding is availed, serious preparations, realistic projections and compelling pitches are the key essentials...

 

[Jasmine]

I do not think getting business funds is hard. If you are finding hard to get funds for your business, there might be two reasons, one, you do not have a profitable business model, and two, you do not know how to approach funds for your business. If you have a business that is making a lot of money, you can get funds form banks, from angel investors, as well as venture capitalist. The most important thing to remember is your business need to be profitable.

 

[saoussen5765]

What I always tell young entrepreneurs thinking of getting funding for their businesses is that they should start the business and run it profitably for a while before thinking of approaching anyone, be it a financial institution or an investor for funding. While doing that, make sure you keep records that can be traceable. If you do that, you will easily get funding for your business.

Financial institutions and investors are not idiots who love to throw money around. They would easily fund a business with a track record because they have some level of guarantee that their investment capital won't be lost.