The basic rules of funding opportunities
- Keep in mind that not all businesses are fundable
A business must satisfy a certain set of criteria prior funding. A business can be fundable from an investor’s point of view, if it is possible to scale up.
- Remember that funding is not an indicator of success
The general idea which is spread through the news and media regarding funding is not the correct one. Funding is just a first step for the establishment of a business. Nevertheless, funding is not obligatory for a start-up, as there is a great number of businesses which have grown without any funding. Therefore, funding might be needed in some cases, but it is not a requirement.
- The business should be self-sustainable
The first source of funding should be your paying customers, meaning that your business should produce enough revenue and profits to fund its expansion. In case additional funds are not possible or needed to be gathered, then it would be advisable to look for funding.
