How to Raise Money for Your Start-Up

Raising money for a start-up is challenging, but it can be done. Roll up your sleeves and go for it!

Instructions

Difficulty: Challenging

Things You’ll Need:

• Microsoft Office

1. Determine how much money you need or want.
2. Make a list of all the people you know who are able to contribute money - and risk losing it all.
3. Predict roughly how much each person could or would want to give you.
4. Research additional sources such as venture capital firms and the Small Business Administration.
5. Select the smartest, most well-connected and most collaborative people on your list.
6. Create a succinct, 15- to 20-minute presentation of your idea.
7. Practice, practice, practice.
8. Give your presentation. Be confident and energetic.
9. Ask for their participation as investors. Say, "I believe you could be a great investor for our company. May I consider you as a potential investor?"
10. Follow up.

Tips & Warnings

• Remember to ask everyone who has contributed to your career and life thus far. Often, they feel left out if you don't give them the opportunity to support you in this endeavor.
• Present only your very best idea to potential investors. Your personal reputation is on the line.
• Never show you're hungry - show confidence that you can take the company to the next level.