Tuesday 1 March 2016

How to get funds for business

It is usually difficult starting a new business. Many start ups tend to be scared of venturing into a business due to capital. An entrepreneur is not supposed to be daunted because of capital. There are so many ways of funding a business other than getting a loan from banks. One way of financing a business is getting angel investor(s). I know of a friend who has a good business idea but does not have what it takes to run the business, but  'angel investors' invested in her business. When an angel investor invests in your business, both of you would sign a contract on how to share the percentages. Another way of financing a business is by meeting families and friends and then explain your business idea to them, let them know the amount that is involved in the business. Ask them to donate or give any amount that they are willing to part with.

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