Although starting a new business is one of the most exciting and rewarding endeavours you can undertake, it can also be fraught with challenges. And one of the first challenges is how to fund your start up costs. To get your new venture off the ground, you'll need to create a scalable business model, determine how much money you need, find the right funding option—each of which has its advantages and disadvantages—and plan carefully to make sure you spend the money wisely. In this article, Vivek Patel explores these four funding challenges in detail and shares his top tips for overcoming them.
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