1. How to Finance Your Start Up Business
Business planning
How to Finance Your
Start Up Business

2. How to Finance Your Start Up Business
Business planning
A strategic, well drafted business plan is vital when sourcing funds for your
business. Find out how you can develop business plans that attract
investors, potential business partners, funding agencies and many more.
Click here.
Is a lack of money standing between you and starting your own
business?
If so, I hope some of the following ideas will help to show you
how to finance your start up business, and help reduce the worry
of money. There are a number of reasonable options open to you
when you first start to consider how to finance your start up
business, and the key is in the planning. You need to put together
a financial strategy that makes sense to both you and your
prospective lender.  The following is a short guide to show
you how to finance your start up business.
Quick Steps To Show You How To Finance Your Start Up Business
Identify Your Needs

3. How to Finance Your Start Up Business
Business planning
Carefully estimate what you will need to finance your start up
business, and sustain, your business in terms of equipment and
supplies. Make an inventory including the required office or
manufacturing space, franchise fee, etc.
Next, consider how much of this inventory can be provided from
your own personal savings to finance your start up business
(avoid the use of credit cards). Will you be able to avail of any
contributions or low interest loans from your family or friends to
finance your start up business?
Options For Borrowing Money
Commercial banks and credit unions are the most evident lenders
to small businesses, and they offer a range of conventional loans,
as well as small business guaranteed loans. You can also look to
venture capital firms, commercial finance companies,
partnerships, to finance your start up business. Whichever route

4. How to Finance Your Start Up Business
Business planning
you take, be certain to learn as much as you can about the
application and approval procedure and your terms of payback on
the loan.
Your Business Plan and Building Your Case
All lenders will require a business plan in order to fully understand
how you intend to finance your start up business, and quite
possibly a resume for yourself, which gives details about your
education, business experience, credit history with references and
specific loan documents. Build you case well, to encourage the
lender to lend you the money, and explain how the money will be
used to finance your start up business.
Include sections within your business plan to describe the nature
and type of your business, available resources and how they will
be used to meet specific goals, time-lines, financial objectives,
analysis of your competition and how your business will fit in the
marketplace.

5. How to Finance Your Start Up Business
Business planning
Be thorough
Your business plan needs to be realistic and supported by facts.
Include company projections, and illustrate your ability to repay
the loan.
Practice your Pitch on a close Friend or Relative
Chances are you will be asked to give some form of presentation
on how you will finance your start up business. Even if you are
confident in your business plan for how to finance your business,
and comfortable in these situations, it is always best to practice
your pitch with people who will be honest and give you feedback
and constructive criticism. This is also a good time to work out
what questions might come up and get prepared for your answer.

6. How to Finance Your Start Up Business
Business planning
Ask Questions
Ask questions yourself to your potential lenders about their
processes and loan expectations so that you understand exactly
how the money will be allocated and there are no unexpected
issues.
Good Luck.
A strategic, well drafted business plan is vital when sourcing funds for your
business. Find out how you can develop business plans that attract
investors, potential business partners, funding agencies and many more.
Click here.

7. How to Finance Your Start Up Business
Business planning
Juliette
Founder of HomeBasedMums.com
If you are interested in finding out more about starting up your own business from
home visit our website at [http://www.homebasedmums.com/work-at-home-
mums.html]
http://www.HomebasedMums.com : "Helping Mums Work From Home In The Career Of
Their Dreams."
HomeBasedMums.com is a home based mums lifestyle resource, providing home based
mums with information on how to start their own business from home, as well as
parenting and lifestyle issues.
Article Source:
http://EzineArticles.com/?expert=Juliette_Stewart

8. How to Finance Your Start Up Business
Business planning