Well, in reply to your question in the above post concerning what are the different sources of business capital available, well I would say that you could take bank loans or appy for government grants or seek for angel investors
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I think if you are not too comfortable with borrowing you should then resort to saving. You should be patient and work towards saving money first.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.
I am glad to see the selling of assets in your list. For me, selling an asset to have the capital for starting up a business is the best when you have no savings to speak of. But you have to be discerning with the kind of asset to sell. The most common in that case is the vehicle or I should say the extra car can go.Bank(loans)
Your Savings
Selling your assets
Friends
Family
The list goes on and on
They are different source of business capital there is government grants subsidiaries bank loan money from friends and family individual service all these can be source of business capital.
- Personal investment. When starting a business, your first investor should be yourself—either with your own cash or with collateral on your assets.
- Love money.
- Venture capital.
- Angels.
- Business incubators.
- Government grants and subsidies.
- Bank loans.
You got a nice idea of not borrowing money in order to start a business. I think you just have to give it a more time to save money and then you go on 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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