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5 Tips For Raising Money For Your Business

by Nataly  |  4676 views  |  4 comments  |        Rate this now! 

The process of raising money for your business is tough, long, and filled with hearing “No.” It’s rarely pleasant. Common advice you hear says don’t take rejection personally, but as a fellow entrepreneur, I know this is close to impossible. Your business IS personal; it is a part of you. What I find helpful is setting realistic expectations and making sure that you check in with yourself often to see what is working and what is not. If you’ve pitched five venture firms and each has said no, think about their feedback and whether any of it makes sense to you. You need not react to every criticism you hear, but sometimes you can learn a lot from these meetings.

Have faith. In yourself, in your business, and in luck. Luck – which can mean good timing, coincidence, etc. – is a key component in any business success, including raising money. But the only way luck can work for you is if you’re persistent and ready to take advantage of it when it comes your way.

About the Author

I am the co-founder of Work It, Mom!, a freshly minted entrepreneur, and an amateur writer.

Read more by Nataly




4 comments so far...

  • I enjoyed this article a lot. Bootstrapping is a healthy way to start a new business, and it's the way I've always worked. One of my most successful businesses was started during a recession, and that often is the best time to start a new business. I recently started a new online marekting business for logo designers and their clients, and it offers wholesale prices on printing promotional items to new startup companies. It can be found at http://logodesign-printing.com

    Flag as inappropriate Posted by Tim on 17th January 2009

  • Thanks so much for providing this article. And this website. I have just gone into business for myself and recently discovered your website. Haven't had time to yet, but I look forward to exploring it more in depth.

    Corinna -- Summer Rose Scrapbooks
    www.myscrapbooklife.com

    Flag as inappropriate Posted by Corinna Lyons-Revello on 17th October 2007

  • Mindy - it's a great group, I know many members who really speak wonders about it!

    Flag as inappropriate Posted by Nataly on 25th September 2007

  • Nataly - Thanks for sharing your expertise in an area that you know well, and now from both sides! I'm not an entrepreneur, and don't know if I ever will go that route, but your advice sounds like it makes a lot of sense.

    Flag as inappropriate Posted by Florinda Pendley Vasquez on 10th September 2007

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