You can source for capital for your business through personal savings or investment you've made. You can also apply for government grants if they are available. Taking loans for startup is not advisable as there are lot of risks that comes with it
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There are so many avenues you can always get funds to start up your business. You can obtain grant from World Bank, or you can also get grants from government or non-governmental organisations. In some countries you can get loans with lower interest rates to start up your business.I presently dont own a business of my own but I do have the intention of opening one soon. I have the business idea, I have made alot if research have gathered alot of information about this business. I have even spoken to some experts and observed them while working buy my major problem is the capital to start the business. I have saved very little that is way to small to even start a small business of this business type.so my question is how do I gather more money (capital) to start the business. Another tthing is am not a big fan of borrowing money and obtaining loans.
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They are many ways you can source for business capital, either through friends, relative, grants or getting loan from banks and savings.you can equally engage on online hustle that requires no capital but your time.I presently dont own a business of my own but I do have the intention of opening one soon. I have the business idea, I have made alot if research have gathered alot of information about this business. I have even spoken to some experts and observed them while working buy my major problem is the capital to start the business. I have saved very little that is way to small to even start a small business of this business type.so my question is how do I gather more money (capital) to start the business. Another tthing is am not a big fan of borrowing money and obtaining loans.
The good thing with you is that you have said you are not a fan of taking loans and that is good because it is not always advisable to take loans to start a business .I presently dont own a business of my own but I do have the intention of opening one soon. I have the business idea, I have made alot if research have gathered alot of information about this business. I have even spoken to some experts and observed them while working buy my major problem is the capital to start the business. I have saved very little that is way to small to even start a small business of this business type.so my question is how do I gather more money (capital) to start the business. Another tthing is am not a big fan of borrowing money and obtaining loans.
There are many ways for source of business capital,the main sources of funding are retained earnings,debt capital,and equity capital.Well, while borrowing to start a business is not a bad but it's not really advisable for a small businesses, however you can raise capital for business from your circle of contacts, you family and friends...if you really believe in the business then you might be able to sell it to them convincingly.
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