Having a good business plan & right skills is not always key to the success. Business plan do not generates funds for the business. Nobody invests in a business plan; investors need a business plan as to communicate ideas and information, but they invest in a company, in a product, and in people.
Without start-up money, your business will not move past the idea stage. There are many ways to obtain cash for a small business, ranging from banks to your own pocket. Spend twice as much time on thinking and learning about financials, as you did on idea generation. This will give your small business idea a big picture for an effective decision making.
Here are one and/or more ways to lend some money, in form of loan, from bank, from some links or from your own past saving. One important aspect for whole scenario is you must have to ready a Plan-B if your idea is rejected by some reason. There are likely many reasons one may not agree with what you propose to him about your small business. Bank can reject your loan request, considering some risk in recovering their principal amount. Your links in your social network may refuse to stand next to you in your idea while thinking it too late to throw in market.
In such cases, never lose your hopes; don’t put your idea in dead files for ages. Your bank may refuse you, your friends may reject you but don’t do it to yourself. Your Plan-B must b ready to cope such time. If your one plan fails to attract investors, fire the next one. If second didn’t work, try third but keep trying.
Many of life’s failures are people who did not realize how close they were to success when they gave up. Don’t repeat the tradition. Keep going. After every failure, sit and try to think why you were not up to the mark to convey your small business idea in most effect way? Why your target investor didn’t accept your proposal for business Loan? Learn the lesson and hit the next target for business Loan.