Rick Fletcher

Where do I get funding from?

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1 Answer

Steve Osborne

Steve Osborne , director at Smarthinking

If you're a startup (no revenue; untested business model) – from investors: venture capitalists; family and friends.

If you're an established business (profits; proven revenue model) – from a bank.

If you're an upstart – (revenue but no profit; business model in need of development) – from a combination of both the above.

In all cases, you will need two fundamental things:

  • a business plan that demonstrates the degree of risk/rate of return involved for the lender/investor
  • skin in the game
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