How to Start Your Own Business

A guy in hat and sunglasses laying on asphalt with a bike, computer equipment staring into the sky and dreaming about being a business owner
Dream, Do, Have – You have the tools to make it happen!

Transitioning  VS Beginning

Some entrepreneurs begin their careers owning their own business and others transition from employee status. Both have one thing in common and that is start-up capital. 

If a business owner thinks they started their business without any money invested, they are wrong. After all, time is money.

So, what do you do if you’re one of the many that REALLY wants to start their own business? What if you can’t find the path, don’t have the courage and you most certainly don’t have the funds? 

An absolute fact of reality and what it all boils down to is money. Even if money is only buying you the time to start the new business, it is a necessity to live. 

Graphic image of arrows pointing at light bulb business plan, does it work, yes - no , money sign.

6 Ways to Raise 

  1. Save – Highly unlikely but possible. Keep your expenses low, continue to make money employed, and save enough to launch a business. 
  2. Borrow – How’s your credit? Or better yet how’s your rich Uncle doing? 
  3. Investor – That guy you met, at that party, that one time a few months back? What’s his name again? You have his business card somewhere. Give him a call.
  4. Partner – The ideal candidate. Someone with money to invest, experience, and is ready to join you on your journey. Write up an agreement giving yourself sweat equity after the business turns a profit.
  5. Crowdfunding – You could literally start creating a fundraiser right now for free. Explain your concept. Present yourself as a serious business professional. Get creative and market your campaign. 
  6. Grant Funding – Search the internet for available grant funding. New business grants become available on a regular basis.
A man and a woman sitting in a booth setting looking at a Apple Mac computer.

The Point of This Blog

Approaching all of the above-mentioned “ways to raise” money may be your best bet. However, creating a YouHelp Fundraising Campaign is the one idea that you could start right now and still approach other avenues of raising capital.

A Few Things To Consider Before Starting A YouHelp Fundraiser

  • Campaign Details – Think of this as your “Elevator Pitch” or “Business Proposal.” Explain your business concept and how the money you raise will be spent.
  • About the Owner – This is your opportunity to briefly explain yourself as the “CEO” or “FOunder.” Remember to use a professional-looking picture of yourself.
  • Video – Video works great. Include an about video in the campaign details and create another for advertising. Be professional in your appearance.
  • Promotion – There are many ways to advertise your campaign. Send an email to Support@YouHelp.com to schedule a campaign strategy call.

Not only are you able to raise money with a YouHelp fundraiser but it can also help you create and explain the vision for your company.

Look at this fundraiser as your first advertisement, your first business plan, and a definite start to a new idea.

How Will US Businesses Survive COVID Shutdown?

It’s common amongst business owners to maintain a positive outlook in the face of adversity. The “can do” attitude is considered key when enduring the tasks associated with maintaining a business.

As if having aspirations to build a successful business aren’t difficult enough, business owners are now faced with the challenges of a global pandemic and financial crisis.

Lucky to Be Alive

How does a business afford to pay its monthly bills if they are no longer generating any revenue?

Picture of a medical mask on 100 dollar US bills

Despite the controversy surrounding the allocation of stimulus funds US citizens, and countries alike, should appreciate the fact that they have a government able to help.

Political disagreements aside, millions of Americans have received increased unemployment rates, $1200, and funding became available to businesses both large and small.

Now that the US Government has begun “Opening Up America Again” the focus has shifted to just that. However, many businesses who were hit hard by the shutdown, including some of those who received relief funds, will continue to struggle or be forced to close their doors for good.

Many businesses, including bars, nightclubs, and concert venues, were forced to shut down in early-mid March and are still closed today.

Picture of Dr. Anthony Fauci speaking at White House press briefing in front of sign that reads "OPENING UP AMERICA AGAIN"
Dr. Anotny Fauci, Director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 16, 2020, in Washington. (AP Photo/Alex Brandon)

Think Fast

It was quite the spectacle to have seen so many businesses forced to adapt to the new set of requirements. From restaurants setting up curbside service, to department stores providing curbside delivery. Business owners and managers were forced to “think fast” and implement a whole new way of running their business.

It’s safe to say that the majority of businesses, even those that were able to stay open, had a significant loss in revenue.

Because of this business owners were forced to tap into new resources to find coronavirus relief.

Where do you find money when your business is closed?

  1. Sell Assets
  2. Spend Savings
  3. Borrow Money
  4. Government Handout
  5. Grant Funding
  6. Accept Donations

The Power of Crowdfunding

Aside from stimulus money and other forms of available grant funding, businesses also turned to crowdfunding as a new source of revenue.

Propaganda Music Venue in Palm Beach County Florida didn’t waste any time in starting a fundraising campaign. Propaganda has currently raised $11,275 of its $18,000 goal and is most definitely on track to achievement.

Screen shot image of Propaganda's amount raised and goal from their YouHelp campaign details. $11,150 of $18,000 raised from 182 people. Help Keep Propaganda Alive.

It’s not as if an organization or business can just create a campaign and expect to raise a significant amount of money. Successful crowdfunding campaigns take strategy and marketing. The Propaganda campaign was a great example as they used social media, recorded video messaging, donation incentives, and live video feed to promote their efforts.

The sudden shutdown of the US economy ended up being a survival of the fittest for businesses. The game-changing situation forced adaptation or extinction.

GrantWatch Logo and Tagline "Time to Apply"

The coronavirus pandemic has also displayed why GrantWatch, GrantWriterTeam & YouHelp are invaluable funding resources. These 3 sites were strategically built and have now been proven as a necessity in a time of crisis.