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Nairaland Forum / Nairaland / General / Business / How To Raise Funds For Your Business And Ideas The Easy Way (134 Views)
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How To Raise Funds For Your Business And Ideas The Easy Way by Nobody: 3:40pm On Mar 17, 2021 |
“I don’t have the capital.” “Nobody wants to give me capital.” “The banks have turned me down five times.” These are some of the most common reasons people give for not starting or growing their businesses. Access to capital is arguably the biggest threat to entrepreneurs around the world. And every year, thousands of passionate people – especially in Africa – give up on their business ideas, projects and dreams just because they can’t find capital. But is lack of capital really the “serial killer of business dreams” that we claim it is? In my experience and opinion, lack of capital is largely a convenient excuse. Yes, it’s true. In fact, I have found that capital is actually more abundant and available in today’s world. And I have proof! The problem is, many entrepreneurs who need capital don’t know where to look for it. That’s why the real problem is actually a lack of awareness about where and how to raise capital, and not a lack of capital. Over the last decade, more capital has been flowing into places like Africa like never before. In 2015, the continent received up to $276.5 million in startup funding. In 2016, the number rose to $366.8 million. And these numbers are just for tech startups alone. Over the long term, I really don’t see anything that would stop these capital flows from rising higher and higher as the years go by. In this article, I dispel the myth of capital by showing you several examples of African entrepreneurs who have successfully raised funding to start, grow and expand their businesses. I don’t just want to give you the facts. Facts can be boring, especially when you’re desperately looking for capital. READ FULL ARTICLE HERE: https://www.wealth-ideas.com/how-to-raise-funds-for-your-business-and-ideas-the-easy-way/ |
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