First, borrow from friends and relatives.
If the family is ok, you can bear the risk of entrepreneurial failure; And after investigating the project clearly and defining its own development direction, you can consider borrowing from relatives and friends. If it's your own family, it's best to explain clearly the purpose of borrowing and the idea of starting your own business. In addition to financial support, if you need some resources to help, you can also solve it at the same time.
If you are looking for a friend to borrow money, you'd better write a formal debit note, promise the repayment time, and add interest if possible. Of course, the loan should also be repaid on time, so as not to hurt the mutual affection between friends.
Second, bank loans.
Now there are many venture loans with good conditions. As long as there is no problem with personal credit information, it can be handled by submitting relevant information. If college students start a business, they may also get interest-free loans.
Now is the era of mass entrepreneurship and innovation. Many local policies encourage entrepreneurship. Before the loan, you can learn more about local policies and see if there are any business start-up subsidies. If the conditions are met, you can get it. Of course, loans are time-sensitive and must be repaid on time.
Third, find a partner.
As the saying goes, one person can walk very fast, but a group of people can walk very far. So if you really have a good idea of starting a business, your energy is limited after all. You can find two or three like-minded friends to work together. This can not only make a clear division of labor in the work, but also bring together venture capital.
Fourth, find investors.
If you have a good project or have customer resources around you, you can try to find an investor who provides funds. Investors pay, you do things. The management of the company is its own, and the business model is its own control. Just talk to investors about profit distribution.