Starting up a new business

For any would - be ____________________ , the first challenge is to spot a gap in the ____________________ . When you think you have your new product or service , the next challenge is to raise enough startup ____________________ to set up the business . A bank loan is an option if you can show that you have a good business ____________________ for the operation of your business plus a well - written plan with financial estimates .

Another option is to get support from an investment ____________________ . By working with investors you get the financial ____________________ you need and you can also draw on the experience of the investors . The downsides is that they will want a share of the profits . To minimize your spending at the beginning , consider doing a pop - up by renting a temporary ____________________ during a busy event . It is a good way to get started and may even get a useful return on your ____________________ .