At James River Capital, we believe that all great business ideas can find the funding necessary to become a reality. Founder Paul Saunders used his experience in banking and trading to build James River Capital into the successful company it is now. To get your business idea off the ground, begin by figuring out what you have for assets.
Bootstrapping means taking a hard look at all of your assets, your bank balances, credit card availability and house equity. When you take a good look at your assets, you might be pleased to see what you have already on hand to begin your business.
As a person committed to philanthropy, Saunders and his wife Vicki began the Saunders Family Foundation. Through this organization, the couple provides money to charitable organizations in the area that help others.
Once you figure out your assets, see what kind of support you get from friends and family online. Create a fundraiser and see what you can get in small donations for your business idea. Crowdfunding is a popular way to get a great idea started.
The Small Business Association is another great resource for funding your business idea. You might be able to secure a business loan or discover how to attract angel investors who are ready to invest in your plan.
A great business idea can make it into reality, but you have to do some work to find the funding you need. With a combination of creativity and traditional means to find funding, you can build a successful business. Believe in your idea, and you will get others to follow.