How to get funding for a new business
Many with a good business idea or concept believe that, if only they had the necessary funding, they could go into business and be successful. That's only partially true. The other part is that if they really want to go into a business, they should write their idea (develop a business plan) and approach some investors. Almost a business corollary to that is that they probably should develop their business, products and operate on a small scale (in their garage) to prove their concept while approaching investors. The real question is, who to approach?
Commercial Banks, Venture Capitalists or Angel Investors
Obviously, if one's business model goes beyond a very basic level, outside funding must be sought. Normally, the entrepreneur's personal resources will typically be invested im...