I am a young ambitious student. I am studying at the university, but finishing my fifth year, I understand that higher education gives little in life. I do not want to work for someone else all my life, get bogged down in a routine and not love what I do.
Lately I have noticed the trend of startups in the world. It is really cool - you are passionate about your idea, gather friends and together you make a project that solves a problem of society (it does not matter - small or global).
My idea is to create an application with discounts in public places of Kharkov.
Our city is a city of students, ambitious youth, and all residents love to relax on Fridays and weekends. We have hundreds of clubs, restaurants, cafes, places for active recreation, and getting a discount on visiting is a great bonus. But, returning to the beginning of my story, I am a student.
Where can I get money to make my dream come true? How can I attract an investor to my startup?
This question is asked not only by students, but also by successful individuals who have decent jobs.Startup Creationrequires investment, and profit is only in the future.
I analyzed the tools that will help me and dozens of people turn an idea into a result.
Sources of funding for a startup
Turns out,investments in startupsYou can get it from the outside, even if you are an ordinary student.
Loan from the bank
Yes, credit brings up bad associations for most of us. But if the idea is chinese thailand b2c phone number data relevant to society, there is a need for your product, then everything will work out, and you will be able to repay the loan.
How to get a loan for a startup?
In Ukraine, there are specialized centers that help startups develop, they can provide the required amount of money as a loan. At the same time, they independently conduct a competitive selection and choose which startup to finance. In order to get a loan, you need to seriously prepare - create a business plan and prove the profitability of the project.
Crowdfunding
I can tell the media about my idea, prove that it is needed, and people who are interested in my application will invest part of the money in the project. This is also beneficial because I will collect feedback about the idea and find out if there is demand for it.
Services that do this:
Split-cost- crowdfunding platform
How to get money for a startup?
at-start
Startup.network- is aimed not only at ordinary users, but also at investors
Grants
Investments in startup projects can be obtained from special funds - not only Ukrainian, but also European. To do this, it is necessary to write out a detailed business plan, analyze the market and prospects. Grants are drawn on a competitive basis, so I need to prove that my idea is the best.
Private investors
Another way to obtain financial capital for a startup is to communicate directly with investors. In order to interest business angels, it is necessary to show the profitability of the project and prove that the project will definitely be profitable.
I was interested in one of the models of commitments for such a deal - money is invested in exchange for a share. In this way, you can segment the startup and get investments from several investors.
What information must be provided:
business plan development and promotion
analysis of target audience, demand, competitors
application prospects
the team that willdevelop an application
benefits for the investor
How to pitch a startup to investors?
The startup presentation should tell about all the advantages of my project.
Objectives of the presentation:
highlight a startup
visualize the benefits
forecast profit
In order to achieve these objectives, I decided to build a presentation according to the following structure:
Problem
Startup projects always appear not only from a simple desire to earn money, but also to solve some problem, to fulfill the audience's need. This problem needs to be actualized for the investor. In the case of my project, I will focus on the basic desire of people to save money.
Solution
We talk about how we are going to solve the problem and fulfill the need.
How to get money for a startup?
Numbers and statistics
We show the results of market research, demand, feedback, profitability forecast. For mobile applications, one of the indicators is the % of service usage and the involvement of modern people in mobile.
Benefits
It is important for investors to understand how long it will take to implement an application and when to expect a return on investment
Team for a startup
Without confirmation of the team's expertise and skills, you will not be provided with funding. But if you vividly describe your team, for example, the experience of the developers, their portfolio, the chances will increase.
Startups with minimal investment- it's real if you prepare well and methodically conquer funds and investors, which is what I'm going to do now. The business dream is worth it.
