How would you advise a new entrepreneur on how to fund a new business idea.

[Kayzzy3]

Fledging businesses by young or new entrepreneurs usually face the challenge of raising funds to start or grow their businesses, especially in developing countries.
Please what's your take on how to raise funds putting into consideration thr fact that the business is a new business.

 

[Kamon c4]

There’re different ways to source loan for a new business. One is by taking a loan. You may choose to collect loan from the bank, family or friends and then you’ll pay on installments with interests. Another means is by saving. Save up some money to start your business

 

[WhiteHouse]

You can search out an 'angel investor.' These are rich individuals that are searching for smart thoughts (strategies) and additionally items that they feel have a decent possibility at succeeding. They will credit you a measure of cash you both consent to in an agreement, with getting a level of the business.

 

[Presido]

There are many ways new entrepreneurs can generate funds to start a business, if he his sure of how the business will thrive,then he can obtain loans from banks, or seek for help from family members and relatives

 

[Vladv26]

There are lots of websites online for entrepreneurs to raise funds for their ideas. As long as you have a unique and good idea people will start helping you putting it in motion

 

[vest1992]

go stay within a rich community of entreprenurs and learn from them and share them your idea, pitch it so you can get their investment thats how you get your funds.

 

[Goodday]

Fledging businesses by young or new entrepreneurs usually face the challenge of raising funds to start or grow their businesses, especially in developing countries.
Please what's your take on how to raise funds putting into consideration thr fact that the business is a new business.

For me the best way you can raise funds for starting your business is just through your personal savings and investment. Maybe you can also consider borrowing from trusted friend or family member so that it would be difficult for you to pay in case the business fails.

 

[Ralphjoe]

Funding your new business is mostly done with your personal savings juxtaposed with contribution from friends and family, and finally loans from banks.
These are the best sources of capital for your new business as an entrepreneur.

 

[Sincerem]

Fledging businesses by young or new entrepreneurs usually face the challenge of raising funds to start or grow their businesses, especially in developing countries.
Please what's your take on how to raise funds putting into consideration thr fact that the business is a new business.

As an upcoming entrepreneur, I will advice the person in question to save up more money in this unprecedented time. Think about the best possible plan to set up his or her business. Don't rush to start any business initiative. With time your money will be ready to be invested in your passionate business idea.

 

[Oscar]

Getting funds for a new business can be quite challenging especially for new entrepreneurs. You can get funds from crowdfunding, personal funds and loans from various microfinance outlets around.

 

[Holluwaphemmy]

The entrepreneur should opt for a payable loan so as to be able to pay on time and gather his or her own profits. He should also venture into business that generate interest and profits easily

 

[GeneBiz]

Most of the time, people who want to start face this first great challenge ... and that is: from where to obtain the funds for the business. If the funds are not available, I am not very much in favor of borrowing, because if the business does not prosper, what we will have will be a debt ... The best thing to do is save, make the sacrifice and sell something of your own like a TV , a microwave or something like that ... Money does not fall from the sky, and to be successful it will be necessary to make great sacrifices

 

[Kayzzy3]

You can search out an 'angel investor.' These are rich individuals that are searching for smart thoughts (strategies) and additionally items that they feel have a decent possibility at succeeding. They will credit you a measure of cash you both consent to in an agreement, with getting a level of the business.

Nice! This angel investors are they present in every country or their work can be done everywhere?
This is because I feel it could be challenging for entrepreneurs in some countries mostly, developing countries to access this kind of facilities.
If this is accessible in any part of the world please do share.

 

[chicnthin]

Personally if I plan to open my own business, I would save up for it first and avoid taking loans on the banks. I just think it's great to open a business without worrying about the loan that I need to pay.

 

[kaychiz]

To raise funds for a new business you could do some work first and earn some money which would be saved towards the new start-up. You can also get help from family members if you can try and convince them about your business idea. Lastly, you could engage in some form of investments first with the hope of channeling the returns into the startup business. However, never borrow to start up a business.

 

[Ojonuyo]

That is the major cause why most business idea die as business idea because they do not have a means of funding. The most suitable means to fund your ideas is to take up a job and earn and safe. Never make the mistake of borrowing a loan to start up, it is dangerous.

 

[Bookwormlux1]

First of all, you will have to show how serious you are about the business by learning the basics and all that it entails. After this, you can pitch your business ideas to rich friends and family members who would help you by giving you the money to start. You can also offer to pay them some Percentage out of your monthly income from the business.

 

[Adexgrace]

Funding of business ideas can be done in different ways depending on what source of financial assistance available at hand. Funding can be done by getting loans from banks and also from ones savings, cooperative societies can also help in funding a new business idea.

 

[Erik4150]

You can take a loan from the bank to start your business as long you are capable of repaying the loans. Saving money is a good way to raise money but if you cant save up to the required capital then you might have to borrow money from your family and friends or sell some of your properties.

 

[Ridorz]

The only way to generate money if you want to start busines is to get loan from bank, you can borrow money from relativeative one (family or friends), you can also sell your property to generate money, or you should save a money up to the needed capital to start a business.