Ask Entrepreneur

How do I find sponsors for a startup business?

I would like to expand my business during the summer and add a summer camp with both sleep-away and in the city sites. How can I find sponsors to help get this program off the ground? I cannot afford another business loan.
First things first: You need a business plan that will show anyone who loans or invests money what they will get in return.  Generally, by actually writing the plan you will come across the mistakes or holes in some of your thinking.

Then it's about getting a group of advisors and professionals to look over your plan.  Then and only then are you ready to go looking for money.  Too often people go see the "people with money" before they are ready and wonder why they are not taken seriously.  It's only after you have put in serious effort that people will take your idea seriously.

A great book on this subject is by Keith Cunningham, called Keys to the Vault.

Share Your Thoughts

Today's Editor's Picks

About ASK ENTREPRENEUR

Ask Entrepreneur is a question-and-answer forum for and by the Entrepreneur.com community. Send in your burning business question, or comment on someone else's now. Have a Question? Ask Now

Topics (over 1000+ answers)

Ask Entrepreneur Q&A Hangouts

Google + Hangout With Shark Tank
Google + Hangout With Jason Falls
Google + Hangout With Angela Jia Kim
Google + Hangout With Grant Cardone

ASK Quick Tips