Starting a business in Nigeria can be difficult especially if you don’t have the financial muscle to kick off. Leaving corporate slavery may seem like a perfect idea but there are certain pros and cons of business that needs to be considered before we look at the simple ways to raise capital.

PROS AND CONS OF BUSINESS

One: To make more money

— Pros: You get pay yourself what you want. No one else profit from your work, just you.

— Cons: You can pay yourself only what is surplus. You have to carry the can for any losses

Two: To turn your hobby into a business

— Pros: You know you will enjoy it

— Cons: There may not be enough people prepared to pay for that idea

Three: To be self employed

— Pros: You don’t have to keep updating your CV, filling in application forms & going for interviews

— Cons: You will have to constantly sell yourself & your business idea/ product/ services to the public

Four: To set your own working hours

— Pros: You can’t be kicked off by a boss for being late. You don’t have to ask to take time off. You can be flexible with your hours

— Cons: You will probably find that you have to work more hours than ever before. You have to be on time for your customers/ client. You won’t get sick pay or holiday pay

Five: To invest some available funds in your business

— Pros: No one else is going to take a cut of the profit

— Cons: if you blow it, you have only yourself to blame

Six: To implement a brilliant idea that could be “ the next big time”

— Pros: Your idea might really take off

— Cons: are you absolutely sure that if hasn’t been done? How do you intent to protect this idea from people who might copy it

Okay, having made up your mind regardless of the pros and cons, here are six simple ways to raise business capital. I have grouped them into two major categories for ease of understanding.http://www.workgist.com/simple-ways-to-raise-business-capital-in-nigeria/

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