Financing Your First Business? 16 Expert-Recommended Funding Tips

Forbes

Jan 27, 2020

You have a great idea for your first business. The next step is financing it—but where and how do you get the money? Many of the members of Forbes Coaches Council have extensive experience working with entrepreneurs who are just getting their businesses off the ground. Below, 16 of them share their best advice for first-time business owners looking to secure funding. Follow these tips to help you start your new venture off on the right financial foot.

Investors will want to see your pipeline, and a database that is clear can help—even if you don't have closed deals yet. The money you invest helps investors know you are willing to put money in even if it's not a lot—it's about shared responsibility. Check out local pitchfests where prizes are often cash for funding with no strings attached.