ASHISH BHALLA SUGGESTS WAYS TO GET FUNDING FOR START-UPS

Shubham Raj
Aug 31, 2018 · 4 min read

We all know that nowadays youngsters and even some adults are bored of their 9 to 5 jobs and want to pursue their dream. So, what is all that about? The term is start-up. These are new ideas that struggle to form a business with lots of hopes. One of the main criteria to fulfil here is funds. Not every person has inheritance money to fund his start-up, hence they look out for investors. Is that easy? We say no. However, when finance experts like Ashish Bhalla are there to help you out with some excellent ideas to help you raise your capital then there is no backing out.

When you are looking for funds, you need to know that it mostly depends on the type of your new business idea. Therefore, before looking around for the options, it is essential that you determine your requirements and a solid reason why you are in need for the funds. Make sure you do not take any wrong move that can crumble your entire plan and can risk your entire business idea. Let us therefore check out some excellent options offered by Ashish Bhalla to get legal funding.

1. Crowdfunding
This is actually a brand new way to achieve funding, and it is getting popular in an amazing manner. So what exactly is this? The answer is — here, the entrepreneur has to write a complete description about his business, his ideas, how he is planning to start, what he has in mind, how much funding he needs, how he can be profited, and lots more. And they need to put this up to the people. Whoever finds it good enough, will come forward and contribute his or share in the business idea. That is nothing but a terrific idea for all the newbies out there.

2. Angel investor
They are a company that invests in businesses. However, they always like to have more share with themselves. They have many rules besides wanting to have more control on the start-up. Nevertheless, it is one of the good options for a small business idea who actually need to work and have money down on their priority list. So, Ashish Bhalla suggests the young entrepreneurs with small ideas to try their hands on getting the funds from Angel investors. Also, make sure that your plan touches them in every possible way and they end up in investing.

3. Credit cards
If you wish to play safe and want to begin the journey from a start-up then nothing can be better than using your own credit cards. And when you have a good credit history with the banks, then there should be no problem at all. You can even talk to your bank officials and let them know about your plan. There are chances that they may help you out with some interesting plans as well. So try it out and find where your ideas and luck fall into place.

4. Venture capitalist
This is a professional company that finds good start-up plans and helps them with the funding. This is actually a hope for many start-ups who have already tried their luck everywhere else and have failed. As the motto of Venture Capitalist is to help the budding entrepreneurs then there will not be any major hurdles to stop you from getting the funds. However, there are some factors that you need to consider down the lane. For instance, your idea should be big enough and you should be flexible of giving major share of your business to them. If you do not want to give control to them then it is better to try your luck somewhere else.

5. Government start-up programs
Ashish Bhalla recommends going with government start-up programs to get funding. For instance, off lately the government of India is supporting a lot of entrepreneurs to encourage them to form a business and serve the country. This way, you need to write down a detailed description of your business idea and apply with the government programs and wait for the good news to arrive. There are certain eligibility elements that you should be checking before you apply anywhere.

These were five brilliant ideas for start-ups given by finance professional Ashish Bhalla. He also suggests going with bank loans, contests, bootstrapping and microfinance providers as some other options to go with. He recommends the young entrepreneurs to come up with a safe idea and prepare a perfect plan such that no investor can refuse it. Also, it is important that you are confident with your plan as only then you can explain others what it is all about and find hopes in the outside world. So, don’t get disheartened as there are lots of solutions that can help you with the funding.

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