The Dos and Don'ts of Startup Funding

  • Written by Adam Jacobs


Do you have a fantastic idea that solves a crucial problem for consumers? Are you trying to turn that dream into reality?

Since only 50% of businesses with employees survive the first five years, securing and maintaining startup funding is crucial. Without money in your corner, your dream is as good as that: a thought in your head.

In this quick guide, we highlight some do's and don'ts for securing and maintaining the funding you need to succeed. 


Do: Craft a Thorough Business Plan

Having an executive business plan allows you to approach investors from a place of confidence and knowledge. The more information you have about your idea, the likelier someone else will be to put their finances on the line for it.

The elements of your business plan should include:

  • Your mission statement and company description
  • What makes your product or service unique
  • A market analysis that shows your savviness to the industry 
  • Financial obligations and needs
  • Competitive analysis


Don't: Forget to Approach Investors

Why do it alone when you could have the help from industry experts?

Find those within your field or even those who are just looking to invest in a project. Approach them with your business plan. Establish what their relationship with your company will be like—Are they silent investors? Active decision-makers?—and ensure that everything is written into a contract to ensure a smooth partnership.


Do: Think of the Future

Being future-focused is imperative when trying to secure startup funding. If you craft your business plan as outlined above, this research is a part of that step.

You'll need to consider weaknesses, opportunities, threats, and more. This forward-thinking allows you to draft a concept that considers not just present needs, but future ones, too. Those needs encompass financial ones, but more than that, all aspects of your business and how it interacts with the world.

For example: during the pandemic, the entertainment industry has been seriously curtailed by social distancing restrictions. This led us to switch to virtual auditions at Bubblegum Casting so we can still provide a service to our clients. 

Is your business model ready to innovate with the times? 


Don't: Be Rigid

With any business, flexibility is vital. Being flexible with your investors, your business plan, and your ideas is imperative to staying afloat despite the many changes, ups and downs, challenges, and successes that come with being a business owner.

The more rigid you are, the harder it'll be to bounce back from anything that could potentially go wrong. Being adaptable is critical.


Do: Secure Startup Funding With These Tips

Perhaps the most challenging part of being an entrepreneur is securing the necessary startup funding to turn your vision into a living, breathing business. That's why it's essential to know the ins and outs of your plan, work with investors, be future-focused, and maintain flexibility throughout the process.

My name is Adam Jacobs, and I'm the incredibly busy Managing Director of Bubblegum Casting and Hunter Talent. I work with some of Australia’s biggest brands, media properties, and agencies to secure talented children to work in television, film, and modelling roles. I’ve recently launched an office in LA, too.

Money & Finance

The Dos and Don'ts of Startup Funding

Do you have a fantastic idea that solves a crucial problem for consumers? Are you trying to turn that dream into reality? Since only 50% of businesses with employees survive the first five years, securing and maintaining startup funding is crucial. Without money in your corner, your dream is ...

Read more

A Few Advantages of Bad Credit Loans

With people’s financial situations often very consistent and prone to unexpected surprises, there are many times where a bad credit history simply could not be helped. Although this situation might cause a lot of people to grin and bear it, a bad credit rating doesn’t mean that you don’t...

Read more

Instant Loans - A Sigh of Relief in Emergency Situations

Life is full of surprises. Unfortunately, some of them are not very nice, and may even turn your life upside down. Serious accidents can cause a big shock, but even smaller but nasty and hard to predict surprises can create a lot of unnecessary drama. If apart from the inconvenience, the inci...

Read more

What You Should Know About A Third Mortgage Loan

For most of us, it’s not possible to buy a home at once. Just imagine having to pay hundreds of thousands of dollars. All of us aren’t rich, and that’s why we have to rely on other means when it comes to buying a new home. Most of the time, it’s through the use of a mortgage. It’s a simp...

Read more

How Debtor Finance Can Help Decrease Business Debt

It’s normal for a business to have some debt, but as you pay it off you may find it frustrating to be in an ever-revolving loop. But debtor finance can help to get you ahead. You’ll have access to working capital quickly, but not have to worry about further debt. Instead of waiting for your clie...

Read more

Securing Your Financial Future With Personal Loans

Money related issues are, to a great extent, showed by the nonattendance of valid assets. The money crunch is made progressively muddled by the significant raising expense of living. Since your month to month pay isn't sufficiently satisfactory, by one way or another, you need to search for option...

Read more

How to Effectively Manage Student Debt in Australia

There are a huge variety of things that students have to buy as part of their education, and it’s very easy to see how the costs of these can quickly add up. When they add up too much, the potential for debt also grows, which is where many students run into big trouble. Big costs, such as statio...

Read more

WHEN SHOULD YOU TAKE NO SECURITY BUSINESS LOANS

A business loan is a mortgage in particular intended for enterprise purposes. As with the case in all business loans, it creates a burden in company accounts in the form of debt, that businesses paid in a certain period that also includes interest. There are several different forms of business l...

Read more

How Is Commodity Trading Different From Stock Trading

When you are choosing to invest, there are numerous options out there. From stocks in corporations to government bonds and also commodities, many things are there that you can invest in. We have seen it so many times in movies where a broker is happy or sad about either benefiting or losing great ...

Read more

Steps to Meet Your Financial Goals

Financial management can push anyone to the point of anxiety and depression. Planning and managing finances are not as easy as it seems. The point of frustration lies in us living on a paycheck to paycheck. While it may seem daunting, getting schooled in financial literacy can help you in managing...

Read more

MixMarvel successfully builds up the community of games powered by Blockchain in the Australian market

Following a successful series of roadshows in Melbourne, Perth, and Sydney, MixMarvel has paved the way for the development of blockchain-based games in Australia. During the roadshows, MixMarvel not only collaborated with Australian crypto exchange ACX and crypto communities, but also connected wit...

Read more

6 Reasons Making Wise Financial Decisions Is Vital

Whether young or old, single or married with children, learning to budget your money will be essential to achieving your financial goals in life. Do you have financial goals? Are you achieving them? One of the main reasons that people do not accomplish the level of financial security in their lives ...

Read more
Writers Wanted



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion