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Starting up a new business

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Business Result Upper Unit 9

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Starting up a new business

Business Result Upper Unit 9

Daniela Magalí
1

entrepreneur stall startup market model capital invest

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 .

2

backing fund investment outlet funding

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 .