How Were You Able To Raise Up The Required Capital Needed To Set Up Your Business?

[Good-Person]

Even though I do not have a huge amount of capital to start any business, I believe that I can still save more money and invest in some sort of business. I would avoid taking loans at all cost.

 

[Abasiama40]

I was able to raise capital for my business by taking a soft loan from a friend and it was really helpful as at the time I needed it.

 

[Toyoabasi]

I raised the capital for my business through personal savings.
My parents assisted me with 30% of the money i needed.
I think it took me more than a year to raise that capital.

I can remember working for more than two years to be able to make up savings which I needed to start my business.
I had no assistance and I am not too good at collecting loans.

 

[Trexxxy]

Yeah. I've also observed this. Most businesses built on loans tends to fall quite early. Maybe the factor of too much interest is the cause

Even businesses that aren't built on loans fail everyday. I can't recall where I read that three out of five startups fail and that the odds of starting a new and successful business isn't really promising.

 

[Kane]

My current business is build from the money I made by working on various project. I have not only recovered my seed money but also made profits from my investment.

 

[Laurentta]

I'm currently not a business owner but if i wanted to own a business i would souce for funds firstly by using up my personal savings, then i would ask for assistance from my friends and family member. Taking loans would be the very last option.

 

[Thinker009]

I think one of the best way to raise authorized capital in your business ,is actually through personal saving ,I think most people actually get their capital through loans too , depend on your preferred mode

 

[Shigobad20201]

I was able to raise capital for my business by taking a soft loan from a friend and it was really helpful as at the time I needed it.

I worked for almost two years or more trying to generate a capital for my business and when i started the business , the money was not enough so i got a soft loan from a friend.

 

[ganibade]

How Were You Able To Raise Up The Required Capital Needed To Set Up Your Business. This question make someone to realize how to set up business without much money. Somebody can set up business by applying for loan or seek an assistance from family friends or relations.

 

[kayode10]

It can be very hard to raise capital for your business idea over here. Friends and family are not ready to support you on your business idea due to their own financial struggles. This is the reason why some people are engaging in fraudulent activities in order to raise money for themselves over here.

 

[Sotherefore]

I worked for almost two years or more trying to generate a capital for my business and when i started the business , the money was not enough so i got a soft loan from a friend.

And so how is the business now ? I hope you have been able to return back the money you have collected because that is the most important thing, were you engaging in online business or offline business ?

 

[Smiles20]

In my own case it was a little bit straight forward because I had parents who were able to support me. I was able to get about $300 from my mother in order to start my poultry farm and that really went a long way.

 

[Dagm1]

A majority of their business comes from their personal savings as well as borrowing money from relatives or close friends, but I'm guessing only a handful originated from a loan because it has an interest rate. In my instance, I was able to do so using both my personal savings and money borrowed from relatives and close friends. If you sense any potential in yourself, they will just have to trust you.

 

[Jobiezue]

When it comes to raising capital for my business, my father's business have always been a very strong backbone for me because he always gives me all the financial support I need.

 

[Heatman]

At one time, I had to invest so much into cryptocurrency trading and it's how I was actually able to raise a reasonable amount of money to start one of my business.

 

[greenie]

Raising a capital is one of the toughest job for an entrepreneur. Lack of capital is one of the reason why some businesses fail. I save some part of my income when I want to start a business and and then borrow the rest from the friends and family. That was how I raised capital for my first business.

 

[Bousine123]

I want to start a fashion business right now am saving money to buy a sewing machine and also a weaving machine so that it will be more easier for me to work efficiently.

 

[Heatman]

I was able to raise the expected capital to start up my business from my personal savings accounts for that project. From a small number of friends and family members who were very willing to offer an assist.

I always believe that it's very important that you save up your personal capital to start up your business because it is going to afford you to best piece of mind in running your business on daily basis.

 

[kayode10]

I start with a small business that doesn't require much capital and resources to get started. I managed to make consistent income with the business then I will use that profit to invest in the bigger business.

 

[Kaffyfolla]

Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.