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10 Mistakes To Avoid When Finding Financing For Your Start Up

One of the crucial things for the survival of a startup is finding the money for its growth. Fundraising is extremely hard for starting companies, because of the huge risk involved and the lack of collateral for backing up the funds. But it is easy to avoid the most common mistakes an entrepreneur makes when searching for funds. The consulting company Founder Institute made a research on this matter and they created this beautiful infographic below. There you can see which the most common mistakes you could make are while searching for cash to start your business. Attracting the attention of those worth the money has always been critical for new companies. Money is the backbone of your business and you need it to be operational. The picture will also give you some great ideas about how to increase your chances of success. It is based on years of experience and it’s worth giving it a glimpse.

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10 Common Fundrising Mistakes Start Ups Make 10 mistakes startups make while searching for financing. Source: Founder Institute

 

In a few words, you need a good business plan, and it must be professional. More than 60% of startups don’t even have a business plan and this is really bad for their financing.