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Few ways to fund a start up business
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[QUOTE="Abigael, post: 228434, member: 25357"] Starting a business actually requires one to start with a good plan so as to increase its chances of succeeding. The planning will cover on how much capital is needed and how to get that capital. It is here that you will discover sources of capital which may include; 1. Your own savings or income. - I personally consider this to be the best source of capital. This is because it gives you the confidence to work hard since you are spending your hard earned money on something with the hope of gaining profits. Moreover, you don't face the pressure and anxiety that comes with having to pay back a loan. 2. Fundraiser from family and friends - You can start a business by asking your friends and family to help you raise some capital. Most people have done this and it has worked for them. Though you really need to gain the trust from family and friends. They need to trust that you will spend the money wisely. 3. Getting money from investors - Pitching your idea to potential investors could lead them to giving you the money you need to start the business. With the promise of them having a share in the business. Here, you need to have a really good plan so as to gain the confidence of those investors. [/QUOTE]
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