The forecast should be quite detailed

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Bootstrapping
This option allows you to do without the help of banks and funds. You can use personal savings only at the first stage to make sure that the business idea works, or invest until the company starts generating enough revenue to reinvest. The founders of one company launched their business in 1992 with £2,000, which they borrowed from their mother. She offered strict conditions: the money had to be returned in six months, otherwise she would get 50% of the business. This approach turned out to be quite motivating, and after 182 days they paid back the debt with interest.

Not everyone has enough free cash or relatives who can lend the necessary algeria number data amount. In addition, the business idea itself may be capital-intensive and require large upfront investments (for example, in product development and marketing).

In this case, business founders have two options:

Borrow. Credit is available to companies that already generate stable income, own shares or liquid assets (such as equipment).
Sell ​​a stake in the company. That is, actually sell part of the business. This method is suitable for startups that need to invest in marketing or product development, and only after that they will be able to receive income.
Sources of funding can also vary.

1. 3F — friends, family and fools
3F — friends, family and fools — is a classic formula for raising capital. Often this is the easiest and fastest option, but it is not suitable for everyone: such an approach can lead to damaged relationships with loved ones if the business encounters difficulties. Another possibility is special programs for startups. In the UK, the state provides companies with amounts of up to £25,000 (almost a million hryvnias) at 6% without commission. Such a loan does not involve personal liability, so if the business cannot repay it, the debt will not extend to the personal funds of the company founder.