James River Capital was founded by Paul Saunders and is rooted in the belief that business ventures are excellent investment opportunities. There are new businesses starting every day, and most of them look for funding options that are fast and affordable. For the investor, those businesses can provide a diverse portfolio with strong returns.
If your goal is to become one of those new businesses but you need startup capital, consider the following tips from the pros over at James River Capital.
Check out your local Chamber of Commerce, universities and community colleges
Most communities have a Chamber of Commerce or a nearby educational facility that offer support to local business owners. You may even find networking events hosted by your city or those nearby schools. Any opportunity you have to meet other entrepreneurs and business owners in your local area may help you reach your funding goals.
Consider crowdfunding part or all of your startup capital
Do you have a powerful story behind your new business? Whether it’s a personal triumph that motivates you to succeed or a cause that you intend to support with your business, you can use storytelling to raise awareness and financial support for your business. Crowdfunding allows you to raise small amounts of capital from a larger group of people, and it often comes with less commitment than a loan.
Try to land an angel investor
If you don’t get everything you need from the crowd, you may find one angel investor with the cash to meet your financial needs. Investors look for different types of businesses and may only invest in companies that make them feel passionate, but they may provide more substantial help in the long run. If you can find someone who believes in your business just as much as you do, you can strike up a partnership that pushes your business to the next level.
What’s your strategy to secure the startup capital your business needs to thrive? Some of these tips may help, but you may also come up with some creative ways to implement resources already within your reach. James River Capital is one of the leading investment firms today, and they consider many new businesses when creating diverse portfolios for their clients.