Categories Business Venture

Innovative Ways To Finance A Business Venture

There are very few individuals with enough money to fund a sound investment plan. It’s subsequently easy to understand why even the most valuable firms and wealthy individuals are in constant search for innovative ways to finance a business venture that they may have drafted up or formulated for some time. Some of the features of an innovative business financing deal include:

  • Low or no interest rates.
  • Flexible payment schedule.
  • Emphasis on original and lucrative ideas and not assets or collateral demands that make obtaining finances to expand or to start a business difficult.

Ways to finance business ventures

Friends and relatives

No man is an island since everyone haskamvlknvlknasdlkvnslkdnvlkasndvasvds a battery of friends and family members who can help with the raising of capital to support a new or an existing enterprise. Note that you are in a position to raise more money if you ask for assets and not actual cash. Notable business personalities such as Bill Gates and Sir Richard Branson started their businesses from their family’s garage and basements.

They were consequently able to avoid hefty rent and other overhead payments. If you need five computers to start a digital agency, for instance, you will be surprised at the number of friends or relatives who will be willing to give you the machines for free. Some would even throw in a printer or a fax machine and an internet router, saving you a lot of cash.

Get a co-founder

New or less established businesses are time-consuming. As a result of this, entrepreneurs hire more skilled and non-skilled hands to help get things done and to break-even as fast as they can. To do this, they need enough capital to support their wage bill which, can be enormous especially when working on a business idea that requires years to perfect. Getting the right co-founders solves the problem.

Other than contributing the funds that you need for basic start-up or expansion, you can practice division of labor to cut off the wage bill. A classic example is that of Google’s co-founders – Larry Page and Sergey Brin – who brought together their coding and analytical expertise to develop the algorithms which run the world’s biggest search engine today.

Strategic investors

There are people with loads of ideas but little cash to roll them out into profitable business ventures. On the other hand, there are people with vaults full of money but few ideas on what to invest in to multiply their wealth. The latter are often in search of the former in the real business world. Therefore, as a budding or a seasoned entrepreneur with a chest of ideas, all you need is to cross paths with a strategic investor.

The founder of Facebook had had no financial might to turn his idea into an online social platform worth billions. All he had was an idea that he presented to the likes of Peter Thiel who provided the funds in return for a stake in the multimedia platform. Therefore, don’t hold back your business dreams just because your local bank won’t approve your loan. Get inventive and explore more innovative ways to finance a business venture that can save you and the entire universe.

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Categories Savings

Four Benefits Of Saving Money

Today some think that it is better to spend all your money as soon as you earn it while others have a different opinion. It’s a difficult choice that many people face because of the different attitudes they have towards money. For instance, you will discover that teens spend their money immediately. On the flipside, seniors prefer saving money since they are aware of the fact that they can’t foresee the future. Most financial specialists support this idea of using money as there are many cases where the saved cash will be very useful. Keep reading to discover more on the importance of savings.

Why you should save money

Financial independence

With financial independence, you wkjbskjdbkjsabdkjbkasjdbfkjbsdkjfbkjasdfasdfill be able to live your full potential. Financial freedom will let you live your dream. Moreover, economic freedom will improve your quality of life because you can access your money anywhere anytime. Freedom from debt is another benefit of financial freedom. With no debts to pay you can channel your cash towards growing reserves and investments. And that is not all; you will have extra money to spend.


We cannot predict the future, and that is why you should save cash. Those who are good at keeping manage to stay afloat and avoid sinking in debt. Saving allows you to have peace of mind knowing that you can account for unexpected expenses. For instance having a $1000 emergency fund will let you meet unexpected financial challenges like repairing a broken window in your home or repairing the brakes of your car. If you can’t manage to save, then your bank can assist you by transferring a fraction of your earnings to a savings account.


Another important reason why you should consider saving is retirement. If you start saving for retirement early, you won’t have to keep much in future. All you require is to let your money to work for you. As you continue to save over time, your money will earn more interest that you pit in each month.

Buying a home

Another importance of savings is that you can purkjbskjdbkjsabdkjbkasjdbfkjbsdkjfbkjasdfasdfchase a home and stop paying rent for good. If you can manage to save and get the down payment that the seller requires, your negotiating power will go a little further. Banks will be willing to offer you better interest rates, and in the end, you will purchase a bigger home. You can ascertain how much you can store for your new home depending on your circumstances. With down payment, you will move to a better neighborhood and make it easier to purchase your new home. Your payments will also be more affordable.

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