How to run a business if there is no money

Get a bank loan

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Banks offer special credit programs for business on relatively favorable terms. Interest rates on them are usually lower by 2-4 per cent, than the ordinary consumer loans, and repayment terms can be up to 10 years. In some cases, you can receive a floating rate and an individual schedule of debt repayment.

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usually from a few months to a year or two - to receive a business loan you need experience of business. And if you decide to go into business the day before yesterday, and yesterday registered as entrepreneurs, money does not get it. In some cases, banks give loans only against collateral, which should cover more than half of the loan amount. This means that you have to risk the personal property or assets, which is already with us. Nothing to provide as collateral - will seek surety and risk have his property. More will need to attend to the collection of documents for the loan, and be alert to the possibility that the bank will require to take out insurance and to pay a fee for the issuance of funds. All this will increase the cost of credit.

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If for various reasons a business loan does not suit you, seek consumer. However, according to him the rate will be higher, and the amount - less than in the case of a loan to the business. But it is not necessary to collect a large number of documents and a long wait for approval. Be sure to compare offers from several banks for consumer loans and learn this article about the pros, cons and pitfalls of borrowing for businesses in a blog Beeline Business.

Find a partner

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The partner can not only bring into your overall business their experience and fresh ideas, but also to invest in a business's own funds. Unlike a loan, the money does not need to be repaid. And yet this man may become your guarantor for business loan to help get a higher loan amount.

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Partner may decide that you do not like, and has the right to go out of business or to sell its stake, unless you agree otherwise. If your partner becomes a friend or relative in the event of your conflict may suffer not only personal but also business relationships.

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Arrange everything yet at the stage of the business plan. Decide whether you have equal rights in decision-making and whether one partner a priority right to purchase shares if the other decides to go out of business. It is important to discuss the conditions under which you agree to share profits and losses. Lock your agreement to the constituent documents. Make a clear financial model to understand under what terms the further conduct of the business does not make sense. Prescribe is a separate item in the documents.

attract investment

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How much money you get depends only on the capability of the investor, and they can be truly limitless. In addition, the investor may have not only financial, but also extensive contacts which will be useful for your business.

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In exchange for the investment you will have to give up shares in the company and a certain freedom in business. The higher the share - more rights for the investor: he will be able to make key decisions, including the appoint to positions of responsibility of its people. At the same time the elimination of business risks will be on you, not the investor.

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Look for an investor only if the benefits from its participation in the case outweigh the risks, up to the loss of business. And in order to raise funds in this way, it is necessary to convince the person that your idea works. Hit his imagination figures: spend a detailed analysis of the market and other factors. It is not very difficult, even if you are a novice in such matters: blog Beeline Business is walkthrough by this analysis with reference to interactive finmodel.

organize crowdfunding

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For this option, fundraising is not necessary start-up capital. And yet kraudfandingovoy placement on the site - a good way to advertise for free your idea and at the same time to study the demand for it.

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There is no guarantee that you collect the right amount at the right time. If you still get the money, but the business does not take off, it can lead to a very loud dismay of those who have sponsored, or even loss of reputation.

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To increase your chances of fundraising, design business development strategyThat will present your idea as a viable and convincing, and not just as a dream. Set clear the amount and timing of the campaign. Always make sure that you fit the principles of selected kraudfandingovoy site. For example, on some money is returned to the donors listed, if it is possible not to collect the amount on time, on the other organizer of the campaign receives all the funds from the course fee.

receive a grant

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The main advantage of the grant - whatever its size, it is provided free of charge. You can get from the state up to 10 million rubles to your startup!

Minuses

Grantors, whether state or private persons, provide funds for business development only in areas that interest them. For recipients are presented fairly stringent requirements. For example, in the case of the state grant for the development of small businesses have to undergo special courses for entrepreneurs and organize a certain number of jobs. Allocated money can be withdrawn even in the process of development, if it turns out that you do not spend them as spelled out in the grant conditions.

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Grants are awarded, and government agencies (the Foundation for Innovation), and private companies. Monitored so as not to waste time on filing in obviously hopeless for your space sphere. After all, the proposal development process is very laborious: it is necessary to collect a large number of documents and to make carefully researched business project with detailed financial part, which already can not be adjustments to make after sending.

Get government subsidies

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As in the case of grants, subsidies - a gratuitous financial support. It can be obtained in the form of a specific amount to the account of the company. Another option - the payment of interest paid on business loans and reimbursement of expenses of a number (for example, half the cost of participation in the trade fair).

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The process is quite laborious and is associated with a number of restrictions and bureaucracy. For subsidies to be officially unemployed and for the first time to register IP, and even put together a package of documents, write a business plan and to take special courses. All this time you are not allowed to work officially.

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Subsidies - a few types of state support, so consider the options. Perhaps you are more suitable means of measures relating to the reimbursement of expenditure already incurred, such as interest on loans, or to participate in trade fairs. they devoted A separate article in B2Blog.

Is it possible to run a business, if the money is nowhere to take quite?

In theory - can.

There are ideas that do not require investments, such as certain educational services. If you do not need special equipment and office for your idea, try to work remotely.

More tips for entrepreneurs - the blog of Beeline Business.

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