Here Are 7 Ways to Raise Funds for Students

You're sure you'll become a millionaire with this new venture, aren't you? That's excellent! It's worth keeping in mind that, while we have every confidence in your exciting endeavor, start-ups typically fail at their first hurdle: raising funding.

Student entrepreneurs have to face a lot of challenges, and perhaps the most significant one is getting their hands on some money to realize their dreams. Listed here are some ideas to make your entrepreneurial dream a reality!

1. Get friends and family to help you!

Parents, family, and close friends are typically the first investors interested in the big ideas of young entrepreneurs. Having a small stake in your business or product will encourage your friends and family to provide valuable (and honest) feedback, as well as to promote it.

It is a good idea to look in your network first to see if someone has cash, they would be willing to invest in your venture. If there is someone you know with cash, you might not need any further funds!

2. Make contact with angel investors!

Angel investors are generally very successful business people with money to spare (normally, they are very successful) who want to take a risk on the next great idea. Just like Dragon's Den, but without the rude remarks and sneering!

Shailesh, a Corporate Finance Assignment Help expert from Canada, exclaims, “The best part is that angel investors do more than just give a chunk of cash. Throughout your business venture, they will mentor you, offering advice when you need it and preventing you from making common mistakes, they've seen small businesses make time and time again!”

How to get a company's attention is a whole other issue. Getting in touch with investors can be done by searching the Internet. Aside from searching online, you should also inquire about pitching your product at events where investors are likely to be present. You shouldn't have to pay to pitch at smaller events - and they are just as effective as big ones!

3. Take a chance on crowdfunding!

Providing that you have an interesting idea that will capture the public's interest, crowdfunding is a pretty effective way to make some cash nowadays - provided that you have one that's popular.

Kickstarter and Indiegogo are the three most popular websites that allow startups to raise funds for their startups. Each of these sites charges at least 5% of your total fundraising amount (plus a fee for processing payments), but these charges are only deducted if your target is reached. The risk for potential investors is too high, so you might be able to raise less seed capital by offering more equity.

For your business, it is crucial to have a prominent presence on these websites. You will be judged solely based on this information by potential investors, so make it shine!

4. Check out university competitions and schemes!

You may not believe it, but even your university might be interested in investing in your idea - and may even have cash available for budding entrepreneurs! Getting students to start their own companies is one of the best things universities can do for their students, and if their business is a success, then the university gets great publicity.

Kanak, a corporate finance assignment help professional from Toronto, says, “Check online for any university-sponsored competitions or funding, and speak with the career service at your university - they'll be able to share any useful information.”

The Bottom Line

The saying goes, but the deed is harder, right? If you're seriously committed to getting your business off the ground, then you should invest some cash into funding it when you can- that could make all the difference!