Want to start a business with skills but no money ,how to quickly accumulate funds?

Entrepreneurial financing requires expenses, need to spend a lot of energy and time, and if you just take the attitude of trying to finance, nine times out of ten will not be successful. Therefore, entrepreneurial financing must do a good job of financing preparations. At the beginning of business, many SMEs think of financing. In fact, it is better to seek help from others than to seek help from oneself. Financing requires time and effort, financing needs to disclose their business secrets to others, and the introduction of external equity capital is likely to introduce contradictions at the same time. On the other hand, investors try to avoid risks, so it is generally difficult to raise capital in the start-up or early stage of an enterprise, while many investors will take the initiative to come to the door when the enterprise has already grown up and its sales and profits continue to grow. So in the early stages of business must rely on their own funds, starting from sales, actively looking for customers, with business income will have the power to develop. Tapping internal financial resources Before seeking external funds, make full use of internal financial resources: the enterprise should have a good cash flow forecasting system, provide customers with enough incentives to encourage them to pay in time, have a strict credit assessment procedures for customers, make a good payment plan to suppliers, make every effort to ensure that the sales revenue, control the amount of inventory, improve the quality control system, reduce the rate of scrap, and liquidate the Actively seek external funding. Actively seek external funding If the internal resources have been fully utilized, then look at what external resources: shareholders' funds, corporate current account bank overdrafts or loan possibilities, agents payable or discounted bills, the sale of anti-rental (sold to the leasing company and then rented the asset), commercial bank loans, the government or the public **** agency's gratuitous grants or subsidized loans, and finally the venture capital funds. Bank financing Bank financing is the main source of funds for small and medium-sized enterprises at this stage, in addition to the traditional working capital loans, for small and medium-sized enterprises generally lack the characteristics of collateral, there are the following kinds of special loans: accounts receivable pledge loans: accounts receivable pledge loans refers to the accounts receivable formed by the production-oriented enterprises to its sales as a pledge, to the bank to apply for credit. The accounts receivable used for pledging must meet certain conditions, such as the products under the accounts receivable have been issued and accepted by the purchaser, the purchaser (the payer of the accounts receivable) is financially strong and has no bad credit record, the payer confirms the specific amount of the accounts receivable and promises to pay only to the designated account opened by the seller in the lending bank, and the maturity date of the accounts receivable is earlier than the repayment date stipulated in the borrowing contract, and so on. The pledge rate of accounts receivable is generally 60% to 80%. The information required to be submitted by the applicant company generally includes the original sales contract, delivery note, receipt of goods, confirmation and undertaking from the payer, etc. The other required information is the same as that of general liquidity loan. Other required documents are the same as those for general working capital loans. Commercial Acceptance Discounting: Compared with Bank Acceptance Discounting, although Commercial Acceptance Discounting is not guaranteed by the bank, but only by the drawer (equivalent to the payer of the aforementioned accounts receivable), it is easy to obtain the recognition and cooperation of the payer for the sellers, and the operation is standardized, so the sellers are still willing to accept it. Commercial acceptance discounting is also a form of accounts receivable financing. Since there is no credit guarantee from the bank, the discounting bank has higher credit requirements for the seller and its downstream payer, and it only handles this business for the enterprises that meet the specific conditions. Recently, some banks, such as CCB, have also introduced non-recourse commercial acceptance discounting services, i.e., the bank gives up the recourse to the discounting applicant (seller) and only enjoys the recourse to the payer (drawer). Therefore, for those listed companies or proposed listed companies that need to improve their financial indicators, they can actively try to apply to banks for non-recourse discounting. Accounts Receivable Trust Loan: Accounts Receivable Trust Loan refers to the three parties*** signing a trust contract with the applicant enterprise as the principal, the trust company as the trustee and the bank as the beneficiary. The enterprise entrusts the accounts receivable to the trust company, and the trust company is responsible for supervising the enterprise's recovery of the accounts receivable. The proceeds of the accounts receivable go to the bank, while the bank and the enterprise sign a loan contract and the bank grants the enterprise a loan. As this operation method utilizes the feature of independence of trust property, the accounts receivable is safely isolated as trust property, compared with the aforementioned pledge of accounts receivable, it improves the security of bank loan, and it will only increase certain financing cost for the enterprise applying for financing, therefore, it will be more attractive to both the bank and the enterprise. Financial leasing: financial leasing for enterprises, in fact, is a kind of installment payment, can reduce the short-term cash flow pressure. For those small and medium-sized enterprises that need large-scale electromechanical equipment and bulk raw material procurement, financial leasing is a good financing method. Factoring Financing: It refers to the behavior that the seller obtains financing by transferring its legally owned accounts receivable to the bank, which is divided into two kinds: recourse and non-recourse. The former means that when the payer of the accounts receivable fails to pay when due, the bank has the right to recover the unpaid amount from the applicant for factoring financing (the seller) in addition to the payer of the accounts receivable, and the latter means that when the payer of the accounts receivable fails to pay when due, the bank can only exercise the recourse right to the payer of the accounts receivable. Chattel Pledge Loan: The movable assets that can be used for pledge mainly include finished goods, raw materials and so on. Due to the mobility and uncontrollability of movable assets, some domestic banks cooperate with warehousing companies or logistics companies to launch a new type of supervisory warehouse receipt pledge loan, the main operation point is that: the applicant enterprise will transport movable assets to the supervisory warehouse of the designated logistics and warehousing company, and the logistics and warehousing company will issue warehouse receipts to the applicant enterprise and deliver them to the bank, which will issue the loan accordingly. When the applicant enterprise needs to spend the part of movable property, it needs to obtain the double consent of the logistics and warehousing company and the bank. If the logistics and warehousing company fails to perform its duties, resulting in the bank's collateral is not available, the logistics and warehousing company will be jointly and severally liable to the bank. Pooled Entrusted Loan: Generally initiated by the bank according to the project construction and capital demand of the applicant company, but such projects must have clear and stable cash flow, and the contributor needs to bear the loan risk. For those SMEs with high-quality project resources, if their projects can obtain indirect loan commitments from banks and obtain pooled entrusted loans from banks, their financing costs will be reduced by one to two percentage points. Buyer's credit: As the name suggests, buyer's credit refers to loans issued by banks to downstream customers (buyers) of sellers, specifically for the purpose of purchasing goods sold by sellers. In this way, the bank indirectly supports the seller's recovery of payment and improves the seller's cash flow. Such loans are generally arranged by the seller and may provide the buyer with a discounted interest rate. For those SMEs with strong downstream customers or good credit records, this approach can be widely used to promote sales. Intellectual Property Pledge Loan: Intellectual Property Pledge Loan refers to applying for financing from banks with legally owned property rights in patents, trademarks and copyrights after evaluation. How foreign small and medium-sized enterprises are financed The United States International Capital Resources, Inc. did a survey on more than 480 start-up enterprises seeking funds about what methods entrepreneurs utilize to accomplish their financing goals. Its findings showed that most viewed one of these sources of financing as a viable and better option. Sixty-one percent of the entrepreneurs who sought financial help from investment banks relied on direct participatory investing, looking primarily to informal, high-risk venture capitalists as their primary channel for raising capital. Another 18 percent of entrepreneurs expect to rely on their personal funds and those of family and friends, as well as funds raised through business contacts. Of these companies, which are primarily in the early stages of entrepreneurship and development, only 9% of entrepreneurs can rely on profits and operating capital to fund their growth plans. Only 7% took out a loan from a bank to finance their business, another 3% opted for *** co operation and syndication, and only 2% of entrepreneurs expressed an interest in financing their business through a specialized venture capital firm. Ten ability to promote entrepreneurial success of the first: the ability to take responsibility. To succeed in business, you need to take responsibility and accountability. This means that you will take the business very seriously and often work extra hours for it. Its two: the drive to start a business. If the more motivated you are to start a business, the more likely it is to succeed. Third: good reputation. If you do not focus on credibility, your business will not be good for a long time, and you will have fewer and fewer business partners. Fourth: Healthy body. Without a healthy body, you will not be able to undertake obligations for your business. Fifth: confidence in the face of risk. When you run a business, it is inevitable that you will encounter risks. You must be prepared to take risks. Sixth: the ability to make decisive decisions. In the enterprise, you have to make decisions at any time, when you are faced with a number of decisions that have a significant impact on the development of the enterprise, you must be decisive decision-making, and must not be indecisive. Seventh: the support of the family. Running a business will take up a lot of your time, so support from your family will be crucial. Family members should agree with your business idea and support your business plan, your business possibility will be greatly increased. Its 8: Superior technical skills. This is the practical skills necessary for you to produce a product or provide a service. The type of technical skills will depend on the type of business you plan to start. The ninth: business management skills. This refers to the skills needed to run your business. It is not enough to have a single sales skill; you should also have knowledge and mastery of other skills such as costing, bookkeeping and other abilities. Ten: Relevant industry knowledge. Knowledge of the industry means more likely to succeed. You must know and understand the characteristics of the business, do business in order to do the heart.? These seven phenomena are not suitable for you to start a business 1, the lack of long-term goals and thinking highly as a real sense of entrepreneurship, know what they ultimately want to achieve the goal needs to go through there process, with a long-term vision, with strategic awareness, and as employed, focus is also the current two or three years, often the first consideration is still a sense of security, how to keep the existing stable rice bowl, naturally, will not think too far! Naturally, they will not think too far ahead. Moreover, very few employed people can think differently, stand to the boss's point of view to consider the problem. This also causes many employed people can hardly communicate with entrepreneurs. High is not empty high, is after repeated consideration of high, is through the efforts of high can be achieved, is the chest has a plan of high. 2, complete the work of entrepreneurs to a work to complete the definition refers to something completely resolved, today can be done must not be delayed until tomorrow. And employed people will habitually work according to the number of days to break down, every day only to complete part of the work, off duty time to the heart of the habit of wanting to flash, go home, the rest of the work tomorrow, feel more than one minute in the company are not willing to stay. Many people complain that the boss is harsh, overtime is very frequent, in fact, this is from the entrepreneurial period on the establishment of the habit, the cause is life, work is life. 3, a single link with the entire system of employment to receive an assigned work tasks, processing or decomposition after the transfer to other colleagues, and then in his view, this is almost finished, anyway, he is responsible for this piece has been done, as for the transfer out of the work of the task whether the quality and quantity according to the completion of the time, it is not within the scope of the scope of his concern. In the long run, many employees have been accustomed to only manage their own two acres and three thirds of the land, and let others worry about what is transferred to others. Serious lack of overall system concept. Your career is related to your vision, the farther you look, the more resources you may get. 4, responsibility in a business or company, we are most often seen in an accident, the boss to track down the responsibility, we are unusually unified, in step with each other to shirk their responsibilities, very few people will account for the recognition of their own shortcomings in their own work, but instead of emphasizing their own certainly belongs to their own part of the process, as for the front and back of the link between the personnel out of the problem, the most important thing is that they have a good job, but also a good job. As for the problems of the front and back of the convergence of personnel, and I have nothing to do with it. Employment thinking is so deep that the first thing that comes to mind when encountering a problem is to avoid it, and then try to shift it to someone else. In this way, it is more and more unlikely for the employed to learn from failures and losses. In fact, the growth of entrepreneurs is also from a failure of their own responsibility to summarize and analyze the causes of the problem, and accumulate experience. For entrepreneurs, not only personal value, but also social value. 5, personal awareness and joint forces of many of the employed mind there is individual heroism, always want to show in some things, in front of the supervisor to show credit, in order not to be apportioned by other colleagues to some of the credit, so sometimes at some risk (of course, is the cost of the company's resources) a person single-handedly to do something! What out, of course, if the leakage, and finally have to be borne by the company, few employed people will come out from the perspective of reducing costs and risks, or improve efficiency, to take the initiative to unite with other colleagues, *** with the completion of a task, this personal heroism is sometimes to kill people. The grasp of social resources is also very key. 6, the concept of cost as entrepreneurs, every penny of expenditure will be counted as a cost, save is profit, so, careful calculation is the habitual thinking and action of many bosses, this is from the entrepreneurial process of habit, is definitely not a "stingy" can be summarized in the word. Employment is very generous, anyway, the company's assets are the boss's, not their own, waste a little is not cut their own meat, just their own work convenient and smooth, waste a little and what, so many employed people in their own business, but also can not change in the employment of the big spending habits. Entrepreneurship is thrifty, I am now slowly changing the habit of spending a lot of money. 7, a line of work all roads lead to Rome, the completion of the work must be more than one way, but the employment of long-term working life down, has been accustomed to a single thinking to consider the problem, A thing with A type of solution, B thing with B type of solution, will rarely go to transcendental thinking from multiple angles and multiple directions to discuss the problem solution The first thing you need to do is to think about your own personal life.