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

[Princeeffiong]

There are different ways to look for loan in order to sustain a new business. first is by taking a loan . you may choose to collect loan from the bank, your family or your friends and then pay them back installmentally with interests which will encourage them to lend you money next time. Another means is by saving up towards your new business.

 

[tyrim88]

One way of sourcing for loan is from a financial institution,but being an idea it would be better to save some funds and start up or meet some friends or family members for initial fundings,as such loan might be hard to get as a start up.

 

[Mawome]

Funding a business idea is something that needs urgent attention, sometimes you have the idea to start up something, but the problem is always fund, money to start up the business, that has been the problem of any business, I have many business idea as I speak but the where to raise the capital is the issue.

 

[Setho]

The best way to source funds is to actually consider which of the many available options is safe for your business. You can consider asking family members for grants and no interest loans, you can go into partnership or seek a low interest loan.

 

[Jlife]

I think the best way for a young entrepreneur to get money to start up their dream business is for them to work and raise the money themselves, if they do not have the money then they need to get a grant from the government to do the business they want

 

[Setfragil]

I think the best way for a young entrepreneur to get money to start up their dream business is for them to work and raise the money themselves, if they do not have the money then they need to get a grant from the government to do the business they want

Raising your capital yourself is the best thing to happen to an entrepreneur especially for a small and medium scale businesses. Raising your own capital gives you a rest of mind in making all your business decision.

 

[Ralphjoe]

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

The best way that I would advise a new enterpreneur for into sources fund is by sourcing is formed from family and friends cooperative thrift and societies and from bank loans. It is the combination of these different sources that will determine the amount of money that he or she will get to start up his business.

 

[eLdavis]

Most persons tend to go for loans but personally i would not advice anyone to go for taking loans. I would advise you get your business plans after that, get a gig that you can use to Save up Capital. You dont have to always start big, start small.

 

[Hena101]

The first thing i will say to every new business owner or entrepreneur is don't ever borrow or collect loan to start a business in any developing countries because you may end up in jail if care is not taken. I also advice new entrepreneurs to learn from those already in the business or entrepreneurship to minimize mistakes.

 

[Jlife]

Raising your capital yourself is the best thing to happen to an entrepreneur especially for a small and medium scale businesses. Raising your own capital gives you a rest of mind in making all your business decision.

Seriously the stress that comes with getting a loan to start up a business is not something a small minded person will be able to handle, this is what ve been putting a lot of people in jail and prison when they failed to pay back the loan.

 

[Ralphjoe]

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.

I actually agree with you that do you generate money if you want to start up a very big business is actually by taking a loan from a bank and all the methods through which we can borrow money like from family and friends and the remaining ones are for a business that is small not big business.

 

[Setfragil]

Seriously the stress that comes with getting a loan to start up a business is not something a small minded person will be able to handle, this is what ve been putting a lot of people in jail and prison when they failed to pay back the loan.

Taking up a loan to fund a business is not totally a bad idea if you are very sure that the business will be able to pay back the loan at the agreed period of time, you can take such loan to finance your business.

 

[Lordfalcao]

One advise I'll usually give a young and upcoming person in funding a business is to do so with lot of cation and also wisely with alot of care too so he or she won't run at loss in the long run.

 

[Jlife]

Taking up a loan to fund a business is not totally a bad idea if you are very sure that the business will be able to pay back the loan at the agreed period of time, you can take such loan to finance your business.

You can give an accurate prediction that the business will succeed but immediately you start up the business ,there are always a lot of unforeseen circumstances such as natural disasters that could cause a serious damage to business.

 

[Sarfraz Ali123]

Rather than starting your idea with what to sell, think about what it will solve. It’s a lot easier to gain a solid customer base when your business is fixing a problem. Your startup should fill a hole in a certain market or niche.

 

[Josemendez]

I think a new entrepreneur do not need to be advised on how to finance the business , he already should have his Financial plans stated in the business plan.

 

[Chibson]

I have seen people who did it many jobs in order to fund their business ideas and of course it has really worked for them. Another thing is starting small.

 

[Psalmseen]

To fund a new business where there's lack of capital, a business owner can simply borrow money where there is lack of fund but i won't advice that, I'll rather advice a partnership business.

 

[Setfragil]

You can give an accurate prediction that the business will succeed but immediately you start up the business ,there are always a lot of unforeseen circumstances such as natural disasters that could cause a serious damage to business.

In the case of natural disaster to a business, the pressure that would be mounted on the borrower will be lessen as they also understood the reasons why the business fails which is beyond the control of the owner.

 

[Snazzy001]

How to fund a new business idea shouldn't be a problem, you are the work to earn your capital or take a loan from anywhere to fund the business which you wish to start