Having spent more than 20 years as an entrepreneur, I’ve seen a lot of theories, philosophies and truisms come and go. Success in the startup world starts long before your company is underway, though. It begins when you’re making the decision on whether the entrepreneurial life is for you.
Can you create enough sources of funding? – Startups cost money – and odds are you don’t have enough in your bank account. You may not need a lot of cash on day one, but you need to start planning for it from the outset. In some cases, trustworthy friends and/or family members might be willing to lend you money or take an equity stake in your business. But if not, you’ll need to get access to angel investors and actively build a relationship with them or personally get to know the loan and/or branch manager at your bank.
Other options (perhaps less likely) include arranging an introduction to an outstanding venture capitalist or building up a relationship with clients that are willing to fund some of growth without requiring an equity stake.
To read the full, original article click on this link: 7 more critical questions for emerging entrepreneurs | VentureBeat
