i want finance to start my business.?

Question

hi, this is raj, 26,MBA,india. i want to start a new business that cost around Rs.1.5 to 2 crores.could any one suggest me the beastway to get the finane required.

Answer 1

Well, first write a little business plan for yourself (what you actually want to do with the money, what people you need to help, how you'll earn the money back etc.)

Then, it depends who you know, what your background is, how much money you want to raise, and what the business is. (Tourism, IT, hairdresser, security, restaurant, aerospace, construction, Cinema? all different)

Some businesses have grants available. Others are easier to get loans for. Then there are those that interest investors.

For small one-person businesses, I think loans are the best. Sometimes you don't even need a loan, you just advertise through word of mouth and use whatever equipment you already have.

For a large business, I would look for wealthy investors to become business partners. Or perhaps a group of equal partners who all have expertise and will share in the work, the risks and the profits.

Some might be easier to do in India, others you might want to look West ward or to Japan. And India is a huge country as well, are you willing to move within India?

Answer 2

Every body wants finance to start a business. If getting finance was so easy everybody would be getting it. I'm surprised that some bank said that you need to have 20%. It is a good deal. Take 80. No other bank would make the offer. The other course is write a business plan and submit it to venture capitalists. If you have been successful before you've a good chance. You have to have a team. Successful team to jpoin you. But venture capital will be possible if you have a very good one of a kind idea that will make billions. out of the venture capital they supply. That is why people are not able to start businesses.

Answer 3

There are no good or quick answers.

1. Finance with family first.
2. Finance with another firm as a partner/subsidiary
3. Partner with someone who has funds
4. Develop a business plan and then go to the bank to see if they would do a part finance.

If all else fails, then start it with a small amount that your family can provide, prove the concept, show some sales, and then you will have lots to document in a business plan. The business plan will sell itself.

I do not have an MBA, but life have given me an MBA being a high level director in my organization. I wish I would have gone through it and started the business with small amounts.

Go for it Raj. Work hard for pennies right now, and get your business going. Then come back and tell me on this forum.

KKP

Answer 4

Raj: the problem with business startups is that so many fail so without a solid business plan to outline exactly how much you need and what you need it for, you won't get far. Until a business is actually started and profitable, your business is a a liability and high risk for investors which is why many people go to family and friends for assistance, credit cards, bank loans using personal collateral, and routes like that which can offer lower interest funding. Get your business plan in order and you will have the exact steps you need in black and white to make your dream a reality.

Answer 5

Hi Raj,
How are you? I am Eng. Santosh Sumantha. I have a Investment Company here in Baharain who might be Interested in your Project. Also wanted to know what is the Type of Project ie Construction, Retail etc ? Just email me at [e-mail].

Thanks & Best Regards,


Santosh Sumantha

Answer 6

if u need an investor in the area of india u can go to a bank or email me. i wouldnt mind to invest in a company
[e-mail]

Answer 7

just go here my friend
http://www.globalpensionplan.net/?=claudio01