Money for development from Lifeasapa: how can talented people start developing?

Startups start with an idea. Turning this idea into a business usually means finding some money. There are different ways to receive the funding you need for a startup.

But how to launch a startup?

The very first question you should ask yourself should be: “Has anyone implemented the same idea before, and if no, why?” The correct answer will save you from losing money - advise from Life Asapa.

Why is this so important?

Now millions of creative people dream of their startup. Some of them may have already launched the same tech startup idea that you came up with. If they succeed, you will find them on Google. If they fail, the idea is not in demand. Be careful! The second option is the most common reason for startup failures.

How to get business ideas?

“If you could imagine a thing, you could bring it to life,” William Arthur Ward once said. However, in the field of mass tech startups, you should also count on technological progress. If you realized that your idea is unique and helps people, it may happen that no one has launched such a startup before, as it would be too expensive for them. Analyze what technologies are needed to implement your idea. If they do not exist yet, you first need to estimate the development costs.

Before you start looking for money for development, prioritize your financial needs. Decide if they are short-term or long-term and whether you are covering operating expenses or looking for financing for future assets such as real estate.

You have to be sure that you are looking for the right funding for your needs. Looking for the wrong type of funding is wasting your time and money. You can also lose control of your own business if you take the wrong steps.

Where to look for investors.

When looking for startup money, use the loan and grant finder to find a list of funding programs that you can apply for. These include low-interest loans, venture capital, and scientific and economic development grants offered by federal, state and local governments. Government-supported grants are limited but may exist for very specific groups, organizations or activities, including research enterprises. Lifeasapa grants are a great opportunity to be successful in your projects.

The Lifeasapa Foundation also provides grants for the development of creative ideas.

In 2017, most of the companies that Forbes considers tech giants started their way as small startups. Facebook, which started out as a network of zero-budget private schools, or Google, which was a research project of two Stanford students, are just a couple of examples. Do not be ashamed if you do not have a huge budget in the beginning. You are not alone! Nearly 70% of entrepreneurs launched their startups from dorms and college basements without even renting offices.

Diwakar
Founder

A Computer Science Graduate. I am a normal person with abnormal ideas.
"Create the difference and be the change you want to see."

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