Funding options for your venture By Vanessa Ramanjam Vanessa is the Founder and Managing Director at Cool Planet Consulting
You can have the most incredible idea, great partners and the most amazing business plan. You can exude guts, determination and creativity in abundance. However, there’s one thing every entrepreneur on the planet – no matter how gifted or dedicated they are – needs when it comes to starting a business, for which there is simply no substitute. That one thing is funding. It’s the lifeblood of any business venture. Without it, any chance of turning those brilliant ideas and plans into reality are pretty much zero to none.
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Fortunately, starting some types of enterprises in the digital age may be more cost effective than starting a business has ever been. Even better, for every budding business owner the age of startups has resulted in a range of incubators, accelerators, start-up competitions, and other grant funding opportunities that startups and SMEs can compete for. And of course there are the tried and tested routes as well as some new options available when it comes to raising that much needed initial capital.