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3 Steps To Raise Capital Without Visiting A Bank - Business - Nairaland

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3 Steps To Raise Capital Without Visiting A Bank by Tayothinks: 9:32am On Nov 15, 2013
You got a business idea, after cranking brain for donkey years, like a lightening you had a flash, a new product appears in substance that only require next step of raising capital to start the world-changing solutions.

Bank loan doesn’t come easy, especially for a startup. What about existing businesses? Increasing capital for existing business does not require advanced mechanical calculus, but few steps.

I outline here three major sources to raise capital for your business.

Employee
Behind every business process is a person, employees can be a blessing or disaster to organizations. In clear terms, employ competent, reliable, courteous workers. Incompetent, unreliable and unqualified workers will flaw company, erode its profits and dent the organization. Employ capable and qualified worked only. A good employee doesn’t not just make his or her salaries, but also increases company’s profit.

Suppliers
Never underrate your suppliers. Good managements understands suppliers roles. Short lead time, competitive prices and quality materials are factors to consider when selecting suppliers. Credit facilities can be negotiated with suppliers, this helps build the company finance, and it doesn’t require stress of raising working from banks. More importantly never maltreat suppliers, they can be used against you by competitors.

Continue reading at www.bizlineplus.com
Re: 3 Steps To Raise Capital Without Visiting A Bank by Jekeh: 10:42am On Nov 15, 2013
Tayothinks: You got a business idea, after cranking brain for donkey years, like a lightening you had a flash, a new product appears in substance that only require next step of raising capital to start the world-changing solutions.

Bank loan doesn’t come easy, especially for a startup. What about existing businesses? Increasing capital for existing business does not require advanced mechanical calculus, but few steps.

I outline here three major sources to raise capital for your business.

Employee
Behind every business process is a person, employees can be a blessing or disaster to organizations. In clear terms, employ competent, reliable, courteous workers. Incompetent, unreliable and unqualified workers will flaw company, erode its profits and dent the organization. Employ capable and qualified worked only. A good employee doesn’t not just make his or her salaries, but also increases company’s profit.

Suppliers
Never underrate your suppliers. Good managements understands suppliers roles. Short lead time, competitive prices and quality materials are factors to consider when selecting suppliers. Credit facilities can be negotiated with suppliers, this helps build the company finance, and it doesn’t require stress of raising working from banks. More importantly never maltreat suppliers, they can be used against you by competitors.

Continue reading at www.bizlineplus.com

Hi. Thanks for the insight, it's very frustrating that our banks preach possibilities, but don't actually help make it reality in terms of financial surport for us the youths especially. You have an idea, no financial surport, is the hight of killing ones dreams and ambitious spirit.....

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