James River Capital is recognized as a firm of distinction within the investment management industry. There can be no doubt that the influence and guidance of James River Capital founder Paul Saunders have been a major factor behind the firm’s success and respected reputation among its clients and its peers within the industry. Building James River Capital into a success story has required Paul Saunders to utilize his wealth of knowledge in the world of business and his expertise in the investment industry. He has also picked up a significant amount of new knowledge as a result of his years of experience guiding the firm. With this in mind, Paul Saunders serves as a model that can be emulated by other entrepreneurs. He has a deep pool of knowledge about what it takes to successfully found a company and that knowledge should also be utilized when he offers to share it. Concerning this, Paul Saunders recently presented some of his top tips that entrepreneurs can use when looking to find funding for their business ventures.
Borrowing from family and friends or using savings and credits cards to initially put funding into a business venture falls under the category of bootstrapping and it is one of the top ways that Paul Saunders recommends for startup funding. He points out that bootstrapping has the effect of showing the entrepreneurs personal confidence, as well as that of family and friends, in his idea. This helps to attract other investors that will be interested in jumping on board with a great investment opportunity.
Paul Saunders also reminds today’s entrepreneurs that the practice of crowdfunding is an outstanding way to attain funding for a business venture. When an idea is strong enough, there will be people who are willing to contribute to getting it off the ground. Success at crowdfunding can also have a similar effect on other investors that bootstrapping does. When a large crowd of individuals shows interest and faith in a business venture, it is a strong sign to the investment community and can draw investors in.
These are a few of the top suggestions that have been put forward leading investment professional Paul Saunders. Entrepreneurs who are looking to fund their ventures would do well to take this advice to heart.