![]() ![]() Wealthy individuals who will write you a check are known as angel investors.They will either want equity in exchange for their capital or will let you have a loan, similar to a bank. They will be more confident in your ability to run a business successfully and professionally if you have a plan like this.Īngel investors are the second most popular source of finance for a bookstore business. They will, however, expect to see a professional plan. The loan officer will not simply want to ensure that your financials are reasonable in order to gain this confidence. When it comes to bank loans, banks will want to look over your bookstore business plan to make sure you’ll be able to pay it back with interest. ![]() ![]() You might need to present the willing ones a solid business plan to reassure them that their chances of making a profit are good.īank loans and angel investors are the two most common sources of funding for a bookstore. Once you’ve set a budget and identified what you’ll need to start the store, take the services of your friends and family to help you get it off the ground. Asking family and friends to invest in your bookstore is a great way to start. ![]()
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