I have a business idea and a lot on mind for its development. I am not sure how i can raise the finance for getting the business started. Banks and financial institutions dont lend money to startups who don't have a track record. Where can I get the funding?

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hi Harsal, your question is the bitter truth in arranging financial support.. there is perspective side of horse race.. no one bet on horse at first time.. every new horse have to show his strength alone.. according to my experience.. people give more attention on prototype to validate your strength and statement. no real investor give time to listen our idea... 7 billion people have idea to become bill gates. make a prototype, cheaply if u have low finance.. then propose your ideas with working prototype to investors.. they will love to listen u..

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There are different types of raising funds, but it's difficult for newcomers to raise funds for their idea/startup. So I'll suggest you to bootstrap (self fund) your startup until it gives you the correct result so that later on when you'll approach some investors you'll have the result of your startup to show them and make them feel safe to invest in your startup. After bootstrapping later on u can approach external/private investors like angel investor, VC(Venture capitalists) and even banks when your startup starts growing rapidly at a specific level. So All The Best!

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There are a lot of ways to get funding. Angel investors, crowdfunding, even self-funding, the options are endless. But did you ask yourself this question: why should anybody fund your startup? Remember, the best marketing advice that I've heard is: if your product or service is of the upmost quality, that's the only marketing you'll ever need. Get out there, start small and build from there, don't get in debt before your certain your idea will succeed, try to help as best you can as many people you can, and for the love of god, leave the thinking for later, what you need to do is start. Right now! Like Tim Ferris says: 'What's the worst that can happen?'

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Even though tough,
Angel investors

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Look fund is not everything for any start up.. and there are lots of investors are ready to invest their money but you need to qualify some level before approaching them, otherwise nobody will invest any where on just basis of idea if they don't have any blind faith on you.

so my friend do study and best way to start study is read 'The Lean Startup' and finish start up course which is available in this EduRev platform. You will understand a lot and then you can start up alone.. but if you need any other help you can contact me at 'aminurrahaman.work@gmail.com'

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Same problem !!!!

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Frankly we should be the one to first one to invest into the business. That's why bootstrapping is the first step into the business for 2 reasons
1. It gives insights that you are believing into your business and ready to put in your money.
2. Also when it's going out of your pocket then you get better at managing the cash flow, till you find some other source.

Once you are done with it. Then going to an investor would have some weight in your idea as then you will have some relevant experience and also investor would foresee that you have run your business for sometime with small investment.

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hi Harshal, I completely agree with Alok. if you idea is strong we can offer you in our incubation. only depend on workable matrix. ping me on 9902572427. we can look forward.

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Agreed, but I'd add on to that. My answer is you have to do your part. I know it sounds simple enough, but youll quickly find out how serious your idea is to yourself... by how much work not just thought you put into it.
first, if it's a service your providing you will have to prove to investors that other people would be in need of your services. what does that mean well it means getting out and selling it to everyone you know and run into. if you don't and you still expect to get investors with just your thoughts then you probably shouldn't be a business owner.
Second, if it's a product your tossin around well get ready because it's not gonna be any easier. Investors want to see more than just drawings on restaurant napkins, so this might require you to get a prototype. its doesn't have to be a final concept but having something visual to show the potential investors greatly improves your chances of convincing them to believe in you and your product. after all just as you would like for them to give you a check they'd like to see the same in your due diligence. hope this helps.

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Show them, the banks, customer orders. Absolutely no one in this world can say no to fund someone with a lot of customer orders in hand to fulfill.

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They believe in transactions.

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You have an Idea!!

Question is Do you have a plan?
Investors seeks planning, Stategy, Business Systems. If you can plan all these. it's never different to get funding.

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Bootstrap your business and get good traction ( customer base + pre-revenue at least) and then approach to any angel investor or VC/HNI/IB/FF/ etc for funds.
if you can't invest your own money in your venture, do you really think that a third person will invest without knowing how worth your venture is?
You have to show them that your venture is really worth and creating a good impact on the market.
only then you can convince a professional investor.

Being VC, we at ah! ventures are also funding startups (worldwide) up to 50 MN USD.

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