One of the most critical factors for the success of any business is access to capital. Capital is critical and crucial to business success in any nation. It is as indispensable to the growth of business as oxygen is to human existence.



Capital is needed for the launch of a new business and the sustenance of an existing one. For start-ups, the need for capital is more critical, because of items required, which may range from rent to office furniture and equipments, to utilities, working capital, living expenses, legal and accounting services, supplies, taxes, home expenses etc.


In summary, capital is needed for the start-up of a new business, existing business expansion, working capital, contract execution, importation, supply, delivery of items and many other purposes.


If we are not economical with the truth, each one of us needs capital either for business commencement or for the expansion of an existing one. How then can we get access to this very important factor for the success of every venture assuming we don’t have enough of it for the business of our choice?


MEANS OF RAISING CAPITAL FOR BUSINESS

Personal savings-

Sale of assets-

Joint contribution

Financial support from family members

Partnerships

Mobilizations from contracts

Commissions

Share sales

Bank loans etc.
Read More; http://schoolwebng.com/enterprise-solution/how-to-get-loan-without-collateral/


Personal savings are capital saved by a person who is financially disciplined. This could either come from gifts or fervors by generous individuals or corporate organizations. Personal savings can also be generated by every income earner whether self employed or under the employment of another person who is financially literate enough to know that there will always be (a) tomorrow and rainy days in one’s life. This remains the cheapest source of finance. A great reward for financial prudence.


Sale of assets is another way of raising capital for business. A lot of people are so financially intelligent that they don’t buy things that will end up as liabilities.Read more http://schoolwebng.com/enterprise-solution/how-to-get-loan-without-collateral/

fb