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Sourcing For Funds To Start Your Business - Business - Nairaland

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Sourcing For Funds To Start Your Business by olamy7(m): 10:49pm On Feb 01, 2020
scenarios of how five individuals source
for money for their business

This is essential to inform you that even if you have tried getting capital but failed. You can also try other means, as there are many ways to get funds for your business.



Let's quickly check this out together



1. Mr A- I was privileged to work for this person some years ago and one day we got talking. Then he told me how he sourced for the capital. He said, he deliberately work for years and he made sure that half of his salary was saved almost throughout the time he spent working under someone.

He then resigned after he was sure that the money he had saved is enough to start the business, now the man has two branches for his business with enough profit coming from the two.



2. Mr B- this man is a student in a university, after trying to get money to start his business, he came up with an Idea, he went ahead to buy just one of the product he wanted to venture into. Then he went around, marketing and advertising just that one item. Then he gathered money from people who are interested in the product. That was how his Idea liberated him. That is why money should not just be the major reason you should consider when you want to start your business. A good thinking can reduce your expenses.
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