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Joshua Udom Exposed: How To Get Capital For Your Business Fast! / Setup Your Own ISP Business With Small Capital in Nigeria / How To Start A Window Blind And Wall Paper Business With Zero-capital In Nigeria (2) (3) (4)
|How Can A Startup Manufacturer Get Capital In Today's World ? by Aquilazng(m): 4:54am On Apr 27|
Its not a thing of joy as no one is talking about the manufacturing sector anymore. I feel the pains when one approach a financial institution and they list their requirements, you end up staying away than get close. Meanwhile, fintech start up raises millions of dollars every now and then.
Are those venture capitalists don't value the manufacturing sector at all or manufacturing businesses are of less value? Or just the norm?
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by Aquilazng(m): 8:25am On Apr 27|
Good morning entrepreneurs
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by ATTAHDYE(m): 12:29pm On Apr 27|
For manufacturing, you stand a better chance approaching BOI and Nirsal. These are government instututions, they can finance buying of machineries required to start up your manufacturing business.
I have also observed that VCs are mostly interested in businesses that have an app and not mortar and brick businesses, you can't blame them, the overnight ROI the get if they succeed is the main attraction I think.
All the best.
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by LikeAking: 1:45pm On Apr 27|
Op what do you want to manufacture?
Lets work out a system that will solve the manufacturing problems in Nigeria.
The VC's in America are into fintech cos it booming and they dont have a manufacturing problem.
In Nigeria the case is different, we have a manufacturing problem that must be solved.
There is a way.
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by Aquilazng(m): 2:25pm On Apr 27|
Thanks a lot for your response. Indeed, the fire of manufacturing sector of Nigeria must be rekindle with urgent alacrity. I have inculcate and absorbed the idea of bringing technology into my business model. Which will make sourcing of raw materials (wte) easier.
Am going into production of biodegradable films and SBs, shrinks.
I plan to start in phases; 1st with recycling and amasses enough materials and then proceed to production in phase 2.
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by LikeAking: 2:32pm On Apr 27|
You are setting up a factory very nice.
We are not manufacturing in Nigeria cos we dont have a manufacturing culture, we prefer building houses, buying cars and importing. I believe a group of people can turn things around.
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by Aquilazng(m): 8:26am On Apr 28|
LikeAking:Yes king, setting up a factory from scratch. Your encouragement is appreciated a Milli fold bro.
|Re: How Can A Startup Manufacturer Get Capital In Today's World ? by Aquilazng(m): 12:15pm On May 01|
Outcome of my journey to BOI last WK:
1st: I was asked to bring a land with CofO,
2nd: Two high profile guarantors with weighty capacity.
3rd: I must have put my structure in place in a well secure environment. They will only get the machinery and working for me.
Total sum of money required for this is #30,000,000 only with 6months salary of workers and installations.
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