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Funding a business
Starting a new business without adequate funding
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[QUOTE="Rachael, post: 223039, member: 68963"] Starting a business without adequate funding is just like going on a long journey in a forest without filling your fuel tank. One thing that should be ascertain while making a business plan is the capital. There is no need rushing to start a business without proper funding. It might be impossible to have 100% of the required capital but at least 70% should be accessible. To boost the productivity of a business, funding should be adequate. There are different ways in which funding can be accessed which could be through; loans, empowerment programs, grants, crowdfunding and through investors. Funding a business is always one of the major constraint in setting up a business. A new business set up without adequate funding is like a tree whose roots are not fixated to the ground because when a wind blows, it would fall to the ground. This is what happens to a business likewise. A professional coach would not advise a potential business owner to operate a business without proper funding. This funding is very necessary incase of unforeseen circumstances, having a static amount of capital is not always feasible because at the start of a business, it might be difficult to start making gains immediately, so proper funding could curb excessive losses. [/QUOTE]
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