Smart Strategies to Stretch Your Startup Dollars

If you are an entrepreneur or a freelancer, you know that you have thousand of great ideas every day, but only a few of them are getting into life. Why? Because like everything in this world, ideas like startups need a lot of money to get started in the beginning. Back when internet did not exist yet, getting your business funded required a lot of patience and a very good business plan, to get an investors interest. Now, there are a lot of help that you can get, like funding and idea vise. The support of small businesses have never been stronger than now. People finally recognized, that these small businesses give the backbones of our whole economy. These small businesses if funded well, and developed well, can create several jobs for the people.

The first thing you should do to have success is to choose your nice. You will always have to niche down to be able to be profitable at something. The easiest thing you can do to get your ideas or startup funded is to enter a contest, where you can show off your work. MIT and Amazon both hold several of these contest a year, so there is a great chance if you enter, and have a good plan or business you will win. Make sure you think outside of the box, and your project stands out of the crowd.

One very popular thing to do as a fresh business owner is to put your ideas on Kickstarter or Indiegogo. You would not imagine how big of a crowd of supporters are there on Kickstarter. If you have a good marketing plan, or generally just a very good idea or product, it will get funded. If it gets viral, it is better!