How do you finance your start up? Do you have another job or do you use savings / investments?
John Cox
4 replies
Replies
![Elena Tsemirava](https://ph-avatars.imgix.net/4904665/f254ea8e-2edc-4b73-9c99-bdec253f59bf.jpeg?auto=compress&codec=mozjpeg&cs=strip&auto=format&w=36&h=36&fit=crop)
Elena Tsemirava@elenat
To begin with, I combine a startup with another job, but then I plan to look for investments. Without them, in my opinion, it is impossible to develop effectively.
Share
I bootstrapped FAM - Social Finance (coming soon launch) by working as a real estate agent. I wouldn't recommend it unless you are already a real estate agent, haha, but you happen to be; the flexible hours work well around sync-up meetings and other requirements of a start-up founder.
On another note, I recommend that your first company be something you can prove the concept for with minimal time/funds. That way, you either fail fast and move on to something else or become a good candidate to raise funds quickly. Goodluck!
First of all, I minimized taxes on investments. And it was a smart move. I've looked into Tax-Optimized Investments https://interactive-wealth.com/s... And it's helped me keep more of my returns. Experts in this area specialize in tax-efficient strategies. More information can be found here.