Acemakers Wiki: Tips For Starting A Business - Try to get Stakeholder Financing for Your New Business

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Try to get Stakeholder Financing for Your New Business

Secrets For Starting A Business > Tips For Starting A Business - Funding

Try stakeholder financing. Andrew Zacharakis suggests having a customer pay you in advance for something you are going to deliver in the future. Then, use those funds as seed capital. It's not as far-fetched as it may sound--many entrepreneurs pay their own suppliers in advance.

"In construction, for example, if you remodel your house, your builder is going to ask for a third of the money upfront to get started, another third at some point in the middle and the final third on delivery," Zacharakis says. "That kind of financing can be used across industries."

On to Funding your startup business from friends and family...

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Acemakers Wiki: Tips For Starting A Business - Try to get Stakeholder Financing for Your New Business

Hive Wiki simplifies editing your website. Every page has an edit link. Hive Wikis use simple markup. And Hive Wikis document histories. Creating content with a Hive Wiki is simple. Go Here To Setup A No-Cost Hive Wiki Now! Home \| Edit \| Index \| Recent Changes Try to get Stakeholder Financing for Your New Business Secrets For Starting A Business > Tips For Starting A Business - Funding Try stakeholder financing. Andrew Zacharakis suggests having a customer pay you in advance for something you are going to deliver in the future. Then, use those funds as seed capital. It's not as far-fetched as it may sound--many entrepreneurs pay their own suppliers in advance. "In construction, for example, if you remodel your house, your builder is going to ask for a third of the money upfront to get started, another third at some point in the middle and the final third on delivery," Zacharakis says. "That kind of financing can be used across industries." On to Funding your startup business from friends and family... From Home Cached copy until 10:18:30 AM 39 hits This Page: Edit \| History This Wiki: Home \| Related To Tips_For_Starting_A_Business_-_Try_to_get_Stakeholder_Financing_for_Your_New_Business \| Index \| Recent Changes \| Random Page \| Search Login \| Create New Wiki \| Wiki List 1/7/2009 4:43 AM v0.61.106 ADBEFEED
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