Making Business Startup Funding Simple

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Making Business Startup Funding Simple
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Finding business start up funding can be one of
the biggest challenges for a would-be
entrepreneur. While launching a new business
venture calls for a great deal of research,
skill, and preparation, many people have a
difficult time coming up with the financial
resources to get their new business off the
ground.
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How Much Does it Cost to Start a New Business?
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Some of the most critical pieces to answering
this question include

• Do you have to invest in capital equipment?
• Will you be renting or leasing a location for the
  business and, if so, will that space require any
  renovations?
• Will you need to hire and pay employees?
• Will you need to purchase and maintain inventory?

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Sources for Business Start Up Funding
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Your savings or investments
Here are just a few sources you might consider
Borrow from friends or relatives
Credit cards
Loan from the bank
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For starters, you might look to your savings
account or liquidate some of your investments.
Your savings or investments
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This is another method that should be undertaken
very cautiously and only if you believe you can
pay off the balance very quickly as credit card
debt typically carries a very high rate of
interest.
Borrow from friends or relatives
While this is an avenue many new entrepreneurs
take, it should be approached with caution as it
can lead to discomfort and hard feelings.
Credit cards
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A bank loan is often difficult for a new business
to acquire. To be successful, you will probably
need to show a professional and well-developed
business plan along with a plan for repaying the
loan.
Loan from the bank
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Five Cs of Business Startup Success
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Most people are familiar with the 4 Cs of diamond
quality, but are you familiar with the five Cs of
business startup success? Keep these five things
in mind while starting a business.
Courage
Confidence
Commitment 
Cash
Character
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Starting a business is not for the faint of
heart. Successful entrepreneurs are not afraid to
fail, not afraid to learn new things, and not
afraid to change direction.
Courage
Courage is critical every step of the way,
because startups don't leave time for indecision
or fear. 
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Often, the courage found in entrepreneurs is
driven by confidence. The belief that one is
better, faster, and stronger than all the others
is very motivating and makes it easier to deal
with setbacks and frustrations.
Confidence
Confidence allows an entrepreneur to quickly
become comfortable with new information and new
circumstances, and is an important factor in
effective marketing.
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Business success doesn't happen overnight, and it
doesn't happen for free. Entrepreneurship
requires significant commitment of time, money,
and energy to even get off the ground.
Commitment 
Commitment to a startup is absolutely necessary
-- without commitment, a great business idea will
remain just that -- an idea.
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No legitimate business can be launched on zero
dollars. While there are free resources available
(advice, web-hosting, informational sites), you
almost always get what you pay for -- nothing for
nothing.
Cash
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The image and culture of a startup is wholly
encompassed within the owner, and any lack of
character will quickly be revealed in the course
of business. Honesty and integrity are critical
-- the consumer public has had enough of
corporate thievery and greed. 
Character
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The quality of a diamond is defined by the 4 Cs.
The Five Cs of startup success -- courage,
confidence, commitment, cash, and character --
will determine the quality of your business.
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Emailinfo_at_midwestcorporatecredit.comPhone(844)
220-8826Fax[phone]Address1S280 Summit
Ave STE E2Oakbrook Terrace, IL 60181
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-funding/