Practical ways to fund your startup - Check out in Detail

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When you have a great business idea, funding is the most important task

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1. Friends and Family Borrowing money from friends and family is a classic way to start a business. While it may be harder to convince investors or banks of the quality of your idea, your family and friends often believe in your dream.

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2. Small Business Loan Some banks specifically offer loans to small businesses 

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3. Bootstrapping One of the most common ways to get a business up and running is through “bootstrapping.” Basically, you use your own funds to run your business.  

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4. Incubator or Accelerator Business accelerators and incubators have begun up all across the country, particularly near colleges with a strong business program.  

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5. Crowdfunding If you have a good idea and you’re great at social media, crowdfunding might be an option.  

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6. Small Business Grant The Small Business Administration as well as other organizations sometimes offer grants to small businesses that are run by women, minorities, or veterans.  

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7. Keep Your Day Job If you currently have a job that is meeting your expenses and letting you live a relatively comfortable lifestyle, don’t be in such a hurry to quit your job and follow your business dreams. Spend some time getting the business off the ground and building through the early, difficult phases with the comfort of your 9-5 job paying your bills. 

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