Finding funding for your business is essential to making your entrepreneurship dreams into a reality. A great business idea requires financial resources to bring it to fruition. Often, small business entrepreneurs turn to family and friends for start-up capital. However, your business may require more funding than family and friends can provide.
James River Capital was founded in 1995 by Paul Saunders as an investment firm. They use their years of experience to help companies find the seed money they need to launch their business. They offer some tips for anyone interested in funding a new business venture.
They recommend three ways of finding seed money:
- Local loans
- Angel investors
Local resources are often overlooked in today’s global society. Your local Chamber of Commerce or business development center is a great place to start searching for investors or loans. These organizations are dedicated to helping local business owners. They can help you organize your financial information and recommend local investors.
Angel investors invest in a new company because it brings them a good rate of return. They will often invest 10,000 or more, which can be exactly what you need to get your business off the ground. Angel Capital Association has over 330 groups to put business owners in touch with angel investors.
Crowdfunding has become popular in recent years. True to its name, crowdfunding allows you to get smaller amounts of funding from many people. It’s a great way to do market research before your business goes live. Kickstarter is the most used crowdfunding platform. Many entrepreneurs use social media as a way to advertise their Kickstarter campaign.
Venture capital is for those that need 1 million or more in funding. It requires you to be fully prepared before you sit down with investors due to the high stakes involved. This is where James River Capital shines. They can help you create a detailed business plan and help find venture capitalists.
Starting a business can be a daunting process. However, it’s well worth the hard work when you see your dream turned into a reality. James River Capital can offer sound investment advice to help you launch and grow your business.