30 August 2019 Dee Shuhaida

Simple Yet Realistic Funding Advice for Startups

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If you’re a goal-oriented person, perhaps some of you may be thinking of running your own company. Begin with a startup! It’s easy, make sure you get a business name, logo, and business concept ready, then congrats, you have created a business!

But...hold up! Does the actual world operate like that? No, not everything's that fun. It's fairly serious, especially when you are planning a true company.

Read also: Tips for Startups from Startups Founder

To jumpstart your business, you need to get your concept to ideation and you’re ready to take on the world. And for this, you need a market-ready Minimum Viable Product (MVP). Now that you are serious about the business, but only one small issue that many startups have been dealing with, money! Money, the root of evil and the price of all pleasure worldwide is the only product that can create a company or put it together.

Every kind of financing, from equity to small business loans, depends on the factor of your startup's confidence and development. It is a significant investment from an investor's point of perspective. You and your startup, therefore, need a significant induction of confidence and other factors! But, what exactly will an investor look for in a startup? Read on to find out!

Clear Strategy

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The foundation of a powerful, stable company is a single, quantifiable and clear strategy. Regardless of your approach, your value or your revenue, a single strategy is a way forward! You need to know clearly how you intend to run your company before doing anything else. A focused business plan will increase your chances of securing funds as well as higher growth rates. Let me tell you why. 

First of all, without a business plan, you will find it difficult to raise funds from anyone. Any investor has to look at economic predictions before they even think about a dime for you. You will also be successful with this plan. Once you get into the daily grind of your business activities, your plan is always there to remind you of how you can go about it. Not to forget, a clear description of your company should be in your business plan. 

Read also: What Millennial Entrepreneur Thinks About Flexible Workspace

Your Strength and The Possibility of Loss

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Ka-ching! Only one thing investors are searching for, 'Profit’! It's really the easiest empirical question that matters to them: "What is their investment doing?” 

It is more essential to know the possibility of loss than to know the winning possibility! By attributing company success to your ability, not only that you'll be able to identify your strengths, but weaknesses as well. Try to be creative and a good problem solver from here. But how? I’m sure you’ve heard the saying, “Your Weaknesses Are Your Strengths”. If you've been assuming strength is the absence of weakness. You're wrong. Weakness and strength are one, without the other, it can't be one. Weakness only refers to the reflection of the strength and vice versa. 

So embrace them both, and let your investors know even the possibility of loss is there, but with the strength that you have, you have come up with a counter idea ahead of time! Creative, idealistic, problem solving, and efficient - all checked! Seems like you’re good to go in bringing back an amount of funding for your startup!

Read also: Debunking Misconceptions About Coworking Spaces

Never let money stop you from pursuing your dreams. You can still get it off the ground in several ways if you want to start your own business. Always look out with bird eyes view on all possible ways and types of funding available. Once the money is on the table, seek for a workspace that could attract partnerships, collaborations, and even good talents! Look no further, that’s where FlySpaces comes in! 

Save time and money with a flexible workspace

Simply browse our website, choose the best workplace that fits your criteria, and schedule a tour! Next step, seal the deal, get a key, and start moving in! The plug-and-play kind of workspaces will ease you and your teammates and let you focus your time and energy on the core of your business. 

Tags: starting a business, startups, flexible workspaces, industry insights, funding

Dee Shuhaida

Dayang, also known as Dee, is the Marketing Coordinator in Malaysia for FlySpaces. She loves to travel, meet new people, read anything she can get her hands on, and is constantly expanding her knowledge of digital marketing so she can be part of sparking innovation in Southeast Asia.

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