4 Tips for Getting Funds Abroad for Business Capital – There are many ways to get funding for your business.
You can get funding sources abroad or domestically depending on what you want and need.
Of course, the source of funds at home and abroad can be different ways to get it. Especially if you want to get funding sources abroad.
It could be that the journey is more difficult, because of course it will be full of bureaucracy and laws and regulations that must be followed, because the relationship is between countries.
Therefore, before doing this you must be sure of the ideas, concepts and business strategies that will be carried out.
It would even be better if you already have an online shop or startup business that is already running, because it is very worthy of getting funding sources abroad.
Well, here are some tips that you can do to get sources of funds abroad. Come on, see more!
4 Tips to Get Sources of Funds Abroad for Business Capital
When Dealing with Foreign Investors
Not much different from the source of funds in general, when you want to get a source of funds abroad, then what you need to pay attention to is the attitude of the investor.
You need to know that not all investors really pay attention to the business you are running.
An investor, especially a foreign investor, will be more thorough in looking at and assessing your company in depth.
“How is the culture embedded in the company?”, “Is the image good?”, “Are you as a business owner, can you be sure to develop your business optimally in the future?”, How will the profits generated in the future?”. Something like that.
Therefore, improve the appearance and atmosphere of your business performance so that it gives a positive impression on investors.
Now from your side as a business owner, you must also be able to give confidence to potential investors with confidence.
If you really have a goal or dream that you want to achieve along with the business that you will build later, make sure it is realistic and has a measurable vision and mission.
You also need to know that it is not easy to find foreign investors who are willing to work with local startup businesses.
In addition to the above, foreign investors also really want profits. They will not focus on the ins and outs of the company unless it is absolutely necessary.
Foreign investors are certainly more concerned about how much they will get when they have given their fresh funds to the company.
Try Participating in Business Competitions
Currently, not only in Indonesia but also internationally, there are business competitions that offer prizes in the form of a number of capital for business.
Of course, participating in international business competitions can provide you with many benefits, because you will learn many things through this.
So, in addition to foreign investors, participating in business competitions can also be used as a way to obtain sources of funds abroad.
Therefore, it never hurts to enter a business competition where you will compete with other entrepreneurs from various parts of the world.
When you want to find fresh funds for investment, you should understand well about the rules of the business competition.
You can start by bringing a business proposal, because usually business competition participants will start by creating a profile or proposal that will show a brief overview of the business you are in.
Applying for Foreign Debt
Not a few think that the company is the most profitable investment field when compared to other types of investment.
However, to develop it would require capital. If you are looking for sources of funds abroad, then applying for debt can be one way.
Yes, in addition to foreign investors, participating in business competitions, applying for debt is one way to get fresh funds, it can even be said, debt is one of the fastest ways to get fresh funds for your business.
So not a few companies are looking for debt to refresh your current business condition.
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ut you need to understand well that debt can have high interest so that your company is not going forward with the debt funds, in fact there is bankruptcy.
If interest continues to rise, then you will have difficulty paying off the debt. Pay close attention when making debts.
So is there any other alternative?
You don’t need to go far to get funding sources abroad, because domestically you can take advantage of the KoinBisnis business capital loan solution from KoinWorks, the Super Financial App.
Here you can get funds for business up to IDR 2 billion , besides that you don’t need to worry because the interest offered is also low, starting from 0.75% per month .
Your loan application will be given using a peer-to-peer lending system. No need to worry because the peer-to-peer lending product from KoinWorks is currently fully licensed and supervised by the Financial Services Authority (OJK)
Interested? Come on, start submitting now here .
Using Grants
Not a few local companies that get grants from abroad. There are many things you can do to get grant funds from abroad.
However, this method is not easy because not all investors will give their funds for free without any favorable reciprocity as well.
Even though it’s difficult, it doesn’t mean it’s impossible. Look for information about grant funds, you might be interested and find ways to get grants.
Well, from the several methods above, you now know how to get fresh funds abroad. Fresh funds from outside parties is an important thing to study.
The reason is that there will be many benefits when you start to focus on these fresh funds. You may get grants that you never imagined before.
Always remember to prepare your proposal and make the fund owners ‘hypnotized’ by what you convey.
Good luck!