How to get/raise the money
In the beginning of a business you may or may not have the capital needed for all the expenses required to get started.
You can handle this many different ways, but ideally in the beginning you’d keep operating costs as low as possible.
Which may mean YOU “the owner” does not make any money(likely for at least the first year)
All profits are reinvested into the business to achieve real momentum, and Growth at the fastest pace possible.
This also means you may start this business in your garage like so many others have, or in a friend’s office space he allows you to utilize while you’re getting your feet underneath you.
It’s not sexy, but it’s part of the game.
If you really believe in your business and yourself, you’ll find a way to make it when money is tight in the beginning.
If your Business does require a larger sum of initial capital, you have multiple options to facilitate this:
-Crowdfunding like Kick starter
-Pitching investors on your idea and formal business plan- like on the show Sharktank or to other Venture Capitalist
-Taking a Personal Loan out on your own property or personal credit
-Loans from Friends and Family
-Saving Money from your current Job, and multiplying it through volatile investment opportunities like crypto, junk bonds, or penny stocks.
-Investing in yourself and skills, until you earn enough working for someone else that you can save the money you need
Some of these ways are faster, and safer than others.
Some require you to give up a portion of future profits and equity right from the start.
Some could cause you to become bankrupt and burn bridges.
None of these are easy.
If I were to suggest one method over the others, it would be crowdfunding.
With this you raise the capital up front, you develop a following/audience, and you don’t have to fulfill your promise to the funders until a later date, once you have and release your product/service.