How to fund your million dollar business

[Mango9]

You must look to venture capital if you need significant finance (at least $1 million). Venture capitalists (VCs) are more likely to demand a thorough and complete business plan, but they also have the ability to provide you with bigger sums of cash.
VCs generally make several investments on behalf of their clients, hoping that one (or more) of them would be profitable enough to recoup their clients' initial contributions. They see all different kinds of businesses, so you need to make yours stand out if you want to succeed. Additionally, you should be aware that VCs typically expect a return of between three and ten times their initial investment within the next five to seven years, so it's important to have an exit strategy in mind.

 

[Mika]

Why would anyone trust with $1 million? Let's say you have a lot of money and if someone asks you to invest $1 million would you? First of all, you would check the business model, business assets, business revenue, etc. before deciding to invest. If you decide on investing $1 million, you will also take note of how much equity you are going to acquire by investing $1 million. The same thing goes when you want to build a $1 million investment in your business. Before you find a venture capitalist to invest in your business, you need a business that is already making profits, you need products that have the potential to go viral and you have a business that has a high chance of going very big. In order to reach the position where you can ask for $1 in funding, you need to spend hundreds of thousands to build a successful business.

 

[Yusra3]

To get money needed to generate Merek revenue, I require a huge capital. Initiate by means of bootstrapping at full throttle and reinvestment of revenue, later rolling over credits once you’re set. Pitch to angel investors with a business plan and financial model that shows you know the game. Build a start-up program to secure funding once evidence of domain interest is shown. Debt finances such as SBA loans can also augment the liquidity by mortgaging assets. Strength and by not missing vital milestones, financing of a million dollar idea is an attainable feat.