How to Successfully Finance Your Business

I previously posted a link to one of my previous blogs, which was titled How to Write a Killer Business Plan. This is my latest blog. It has proved to be very popular, and has been highly recommended by many leading business professionals from around the world. I've been asked by many entrepreneurs to release a follow up. I'm sure you will find it useful.

Please read and share your thoughts

“Business is booming in Nigeria”, “Business in Nigeria is growing”, these are comments that I’m sure you are all familiar with. But then, on the other hand, I get asked by a lot of Nigerian entrepreneurs – “Why won’t banks finance my Nigerian business idea?” and “How can I get funding from Nigerian banks for my business?” It’s simple – your business must be attractive, secure and demonstrating growth. The only way to show this is by keeping accurate and auditable records of your expenditure, operational activity and sales. One myth that I’d like to dismiss is that banks fund new businesses. Banks very rarely invest in, or loan money to, start-up businesses. But they do fund small businesses with operating history. Would you want your bank putting your money at risk, by investing your savings in new risky business ventures with no track record? READ MORE

Please share your thoughts. Is there anything specific you would like to know about financing your business? Do you have any business questions that you need answers to?

Together we can improve our business knowledge, and make plenty of money