James River Capital
The process of starting a new company is easier said than done. While you might have the grandest idea, it all depends on the availability of the requisite funds to see it through. Some instances might require more than the budgeted funds. In business, always leave room for unforeseen events. In any case, not everything turns out as expected.
Establishing a source of capital is of utmost importance. If you’ve not set aside funds, rely on other viable options such as banks. As such, opt to borrow a loan from a financial institution of your choice. Nonetheless, a good credit history will be an added advantage. Family and friends can also be of great help. Besides, James River Capital is an angel sent from heaven. Over the years, the company has helped different startups from scratch to successful businesses.
Under the stewardship of Paul Sanders, James River Capital has created a diversified funding portfolio for prospective entrepreneurs. As an investor, the company provides viable funding options. Those to set up a business in Richmond might be advised to source for local loans. In this case, consider the idea of engaging the local chamber of commerce. Many local chambers are open to funding homegrown companies.
If you want to cast the net wide, James River Capital will assist through the process of funds sourcing from an angel investor. Provided you have a promising business idea, Richmond has plenty of angel investors. The good thing is the investors are more than willing to walk the talk. All you need to do is to convince them how the seed capital will earn them a healthy return. Failure to convincing them might lead you to go home empty-handed.
Sourcing for funds to finance your business idea can be quite a challenge. Be it as it may, do not despair. With a detailed business plan, you will hardly fail to find a viable source of funds. The key is to remain focused on your goal.