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Business strategy
The Most Effective Ways Of Raising Capital For A New Business?
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[QUOTE="Kendy, post: 230332, member: 63869"] There are many ways to raise capital for a growing business other than taking of loans. To me, due to my previous encounter with what comes with taking loans, no matter the feasible business idea I have right now, I would never opt for loans. The situation was worse because it was not long, after I got the loan, the pandemic occured, which till this moment, I still battle with the effect of the covid-19 pandemic. I have been in situations where I see myself in a dilemma of where to get funds and there are possible solutions such as; crowd funding - as the name implies, crowdfunding is a typical way in which am individual raises money by seeking the help and support of the crowd. In this method of funding, at times, the individual might not reach the required target but at least the money would be enough to cater for part of the business. Another way of funding a growing business is through; opting for investors - investors are those people who fund a business they fathom has high level of feasibility, this is one good way of funding I normally prefer because it would spark the motivation of the business owner to keep up with the agreement. [/QUOTE]
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