Ways to raise venture capital to start a new business

 Ways to raise venture capital to start a new business

My Business

my business,  

Centuries ago, there was a time when people bartered goods for their livelihood and there was no money to buy things, known as the "Barter System". There was no buying or selling in those days. If you want "wheat" and you had "legumes", you could very well exchange the same with the seller who had "wheat" by arranging an exchange with them.

Then came an era when people started working for others to earn money for a living. This further developed into government and private sector jobs.

Now is the time when everyone is enchanted to open their own business, to start something of their own and develop an empire that will turn into a profitable business, as they say: "The best income is, even though the investment grows".

Your idea in today's scenario can create a ripple effect that can change the lives of many. Very vivid examples are organizations like Facebook, Whatsapp, and Google which started with a very small idea and from a room and created an empire that inspires entrepreneurs to create added value not only for themselves through profit but also for society.

Many startups have started mushrooming in India with many business ideas, but they lack the most fundamental and fail even if the business idea is too great. Although they have the best people, knowledge, resources, and ideas at their disposal, still they collapsed. A very vivid example is an organization like Snapdeal etc.

An idea flourishes when a business idea is presented to the right people with the right knowledge with effective and strong persuasive skills to invest money with the returns they would get. First, the entrepreneur himself must be convinced that this is a great and profitable business.

The second important thing that Startups lack is hiring the right and suitable candidates. Branding institutes like IIMs/IITs though bring good resources but come at a very high cost to the organization. It is always essential to hire people with experience rather than branding institutes. Experienced people turn around an organization because they know how to handle crises, the success of an idea comes with experience and experience comes with learning, you know how to turn around failures as these people have already experienced.