ALTERNATIVE SOURCES TO FINANCE A BUSINESS

With the growing business landscape, it is becoming increasingly common for businesses to forgo traditional funding methods and embrace alternative funding methods.

The reason being that it is difficult for startups to qualify for loans from traditional financial institutions like high street banks and lenders. Though startups are the driving force behind innovation, economic growth, and transforming industries, funding remains a critical challenge for many startups and aspiring entrepreneurs. Luckily, alternative funding options have fueled startups by revolutionising the startup funding landscape. One alternative form of funding that has gained popularity lately is crowdfunding. Platforms like Kickstarter and Indiegogo allow entrepreneurs to pitch their ideas to potential backers who contribute money in exchange for rewards and equity in the company, just like Shark Tank India.