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

[Lyrrex]

I don't advise people to borrow money and start up a business I think if you are ready to start up a business you must have the capital the capital you can get it's from family member or your own personal saving you can start up a business with it, borrowing money to start up a business might put you at risk of going to jail f your business collapses

 

[Maliha]

There are certain ways to raise fund to start business is you can either start by taking loan from the company or bank or then. After a time you return it through installment's or either you borrow from your family or friend or you start business with your partner by sharing your money mutually for the benefit of business

 

[Alexandoy]

As you mentioned the funds, for me that is the most important in a start up - the capital. You may have the place of business if you own a land or maybe a commercial building but you will still need the money to run the business. If you will make an estimate of the needed capitalization then my suggestion is to obtain double the amount of your estimated capital. That will make your business operation comfortable that you will be spared from the pressure of lack of funds.

 

[Oloritoks]

The best thing is to have a good business proposal and then present it properly to the financier that's interested in funding it such so he can get he can gain some confident in such.

 

[Adebayonle7]

Loans and long term liabilities are not good for new and beginning businesses. It's okay to want to grow a business or an enterprise. Bigger business with stronger and stable revenue streams can seek loans they know the business can afford to pay and still be able to maintain the business. It is safe to say that businesses should only begin when there's actually enough findings to start it & run it.

 

[Nicklas22]

Understand Your Idea Is Worth Nothing by Itself. Entrepreneurs should understand from the outset that an idea by itself doesn't have any intrinsic value. Build Initial Revenue. Look for Early-Stage Investment. Hire the Right People. Look for Venture Capital. Consider an incubator.

 

[BrolySSJ]

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.

Raising funds for a business al depends on the type of business that you have and the business model that you have. If you have a good model that is predicted to be very profitable then you can always ask investors to get involved in your company. Or you could also ask for some discounts on certain items to sell and therefore you can earn through affiliate marketing as a means in which to get your business name out there and still raise money of ryour business. If all else fails, a loan is the best way to go forward then.

 

[Highflyer]

Most entrepreneurs get their ideas from their experience working in an industry. The PSED found that 55.9 percent of new firm founders in the United States attribute the identification of their new business idea to their experience in an a particular industry or market.
Here are seven tips to help you open your mind and stimulate your great idea generator.

1. Engage in Observation Sessions. Great ideas won't happen in a vacuum. ...
2. Socialize Outside Your Normal Circles. ...
3. Read More Books. ...
4. Randomly Surf the Web. ...
5. Keep a Regular Journal. ...
6. Meditate. ...
7. Use Structured Exercises.

 

[Khezo]

There are several ways entrepreneurs can generate funds to start their businesses. One is by taking loan. You can get loañ from local money lenders or from bank it would be a good way to start a business . good luck

 

[Danny2021]

Well, you must first of all make sure that the business idea is a good one that will thrive. Then make up savings for yourself and then share the business idea with rich family members and friend to raise money from them and start your business

 

[Richard92]

A new entrepreneur who is just starting a business and need to fund his ideas should seek for loans either from families and friends or the bank. He should also know how to manage risk when it comes to business funds. He should be able to calculate his funds in other to make forther wealth to expand his business.

 

[Trexxxy]

Find the right investors , infact if possible find quite a number of investors to bankroll the business, that is the best way to start a business these days, or he could source for capital himself, savings,loans whatever as long as there is enough capital to start the business.

 

[Jonaville1]

My advice for someone who wants to venture into a new business is that he should be careful of running into debts just to get the company running. Trust me it is usually not as easy as we expect after we borrow money to start a business. It is very hard returning the money and if care is not taken, you might even lose the business. So always try to have the start up capital at hand.

 

[Frank]

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.

You should never put all your funds into the business from the start. While this may give you some kind of confidence that you are investing into the business, the risk can be heartbreaking when the plan goes south. So, it is always better to invest half of your money and see how things goes from there.

 

[giddy]

First, there are two ways to externally fund a business: debt and equity. When debt is used, the investor receives a note for his or her cash. The note spells out the terms of repayment, including timing and interest. The benefit of using debt is that you retain ownership of your company. The downside is that you have an obligation to repay. If you fail to meet your commitment, the lender, under certain circumstances, can force the company into liquidation.

 

[Abibatabosede]

There are different ways a new entrepreneur can fund his business he can find the business through borrowing of loan from Bank, family member, friends or cooperative society. Also the entrepreneur can also fund his business with personal savings.

 

[Kinglegend01]

The major sources of funds for q ma new business is from personal savings, loan from friends and family, loans from banks and organisation that give out loans. Although I would not really advice an entrepreneur starting a businesss to obtain funds from banks and these organizations.

 

[joy101]

There are many ways a new entrepreneur can generate funds to startup a business, he can obtain a loan from bank or seek any website to obtain a loan, in order start up business, or he can have savings before planning to start up a business,

 

[Kennysplash]

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.

He can source for funds from family members and friends, those that he is close with though. If all fails, he can apply for a low interest loan, but that should be his last option. And before applying for the loan he should be sure of what he wants to do, if it will be worth it.

 

[Nurudeen]

The best way to fund a new business is to use personal savings, donations from family and friends or better still grant. I don't advice people to setup a business with loan just because of the stringent conditions that do comes with loan repayment. If you don't want your business to collapse just use your personal savings to fund the business or the other options I listed up there.