In a time of global economic recovery the need for entrepreneurs and new business start-ups has increased. Through entrepreneurship and hard work, new jobs and increased prosperity locally and nationally, can be created.
Whatever the reason an entrepreneur may have to begin the rewarding journey of a business start up, funding of the business will most likely become an issue that eventually should be addressed. There are however multiple steps to be taken prior to raising funds for your business idea, where one of the most important steps is to write a comprehensive business plan. This article is written for those who have successfully completed those steps and will therefore give a short overview on different types of business funding. Many different types of funding do exist if self-funding is not an option and each of them is designed to meet diverse requirements by the recipient:
The most obvious being …