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cg1312 (f)
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hi please i was just wondering how can we encourage people who want to go into being an enterpreneur funds on loan basis do you think its possible because i have realised getting a loan from finance houses like ifc and others is not so encouraging i don't blame the formalities though its just to ensure people don't abscund with the money but any great ideas?
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eolutosin (m)
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Hi,
I would say that getting finance is not the first thing. You have to have customers for your product / service. The bank or finance house is only interested in making more money for themselves. As such, will only fund business which can help them to achieve this aim.
So, I would advise the person to sit down with his / her business idea and go for customers. Once you are able to get customers, funding will come in.
Enjoy
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bolaoni (m)
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After all the steps highlighted above, START WITH WHAT YOU HAVE!Don't get indebted to anybody because if things don't work according to plans, serious wahala be that one. So start small and grow big  Bros, how far now? So you are in Manchester now? Abeg get to Old Trafford and greet my team for me o Hope you are doing great anyway. |
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eolutosin (m)
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I dey jare. Howz ur side? On the question raise here, the best thing is to start small and grow big. We started Nairahost with our savings. We were willing to go through the growth stage. The problem I have seen with people is that they want to run the same day they learn to run. Anyway, like you said, start small and grow big |
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bolaoni (m)
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My side dey cool oga I feel you on the starting small thing. I remembered starting my first business, web designing, with no computer and no assurance of a client. Most people thought it was foolish of me to do that, now they know the truth. Start with what you have. No excuse on not having anything to start with. Make up your mind to do it anyway. |
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eolutosin (m)
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The question now is, "How many Nigerian youths are willing to start small?"
We all have big dreams and always want to start from the top,
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