Raising capital for a business startup

Raising capital for a business startup is one of the most difficult business tasks you’ll experience and it requires every ounce of entrepreneurialism and skill to convince others to part with their money. Entrepreneurialism aside, raising finance requires a sound business understanding and an ability to think laterally as to the available sources of finance open.? Remember that business startup requires finance to get things off the ground but also to keep you personally above water, thus the costs necessary to start off can be quite significant.? However by drawing on your entrepreneurialism and the strength of your business model, it is nevertheless possible to raise the funding you need without having to go to any extreme lengths.Entrepreneurialism is all about taking calculated risks, and this is never more obvious than during the startup period.? But entrepreneurialism alone doesn’t make a business – without finance, the most inspirational business plan won’t get off the paper.? When most people think of funding their business they think initially of booking an appointment with the local bank manager to go in and discuss possible options.? But there are ways of raising finance before this stage that will also help make you look like a more credible investment opportunity, and when combined with that spirit of entrepreneurialism you’re capable of displaying you can get together the money you need to take things to the next level.The first stage of raising capital is to exhaust your personal resources.