Building a business from the ground up is often very hard. To build it without the initial capital investment from the investors can be even harder. It may take a little longer, but starting a startup in India without the burden of investors can yield benefits that outweigh the cons.
You can be in complete control of your destiny, and can quickly change the business direction whenever it`s needed. Here are 5 ways in which you can do fund-raising for business without investors:
- Do not quit your Job
Since starting a startup business in India without investors can leave you with a lack of funds, it is always a cool idea to continue with your day job. This will give you the advantage of saving your salary.
- Government Loan Schemes
Whether you want to start your business without an investor or unable to find one, you can still fulfill your entrepreneurial dream, thanks to government schemes. To focus on ‘Make in India’, the government has started a few loan schemes.
Schemes like CGTMSE, MUDRA, and Stand-up India can provide you collateral-free debts and can get access to low-cost capital.
- Use your Revenue to do Fund Raising
Not all startups are pre-revenue generators. Many startups have customers and monthly revenue, so why not plan smartly and use that money to grow faster. A Revenue Based Loan can turn your revenues into growth capital and can help you to do fund-raising without an investor.
- Crowd Funding
You can also raise money through crowd-funding. Crowd-funding refers to raining money from a large number of people who contribute with a small amount of cash. The process of crowd-funding is typically done via online platforms.
Make Necessary Sacrifices for Business
A business is like a baby! Hence, be ready to give all your time and attention. Not just that, you must be willing to make sacrifices to free up your time.
As an entrepreneur, you may want to taste success as soon as possible. However, patience is the virtue that makes any business successful. You may feel challenged at the initial stage of building a start-up. If not prepared, you may have to suffer losses too. Hence, get all the information and knowledge from the industry experts.
Learn from their experience to take your business ahead with our Everything about Entrepreneurship course. To know more, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads