How to source free money for your business

Starting a business comes with funding it. But it can be difficult when you have no money and getting a loan for a start up isn't advisable. So how can you source for free money. you can do the following


Look out for government grants; one of the main sources of free money for entrepreneurs is the government grants. governments do have this programs to help new businesses get started. it is to find out and apply

Seek aids from wealthy individuals

This is another avenue for entrepreneurs seeking free money. wealthy individuals do offer capital to startups. you can bring them in as stakeholders in the business

Raising money from a large group of people.

You can get free money from collaboration of people on the internet. You can try out sites like kickstarter or Indiegogo where you can post your would be business and asked for donations

What do you think?

cherry123 said:

Seek aids from wealthy individuals

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This looks almost as taking loan. Weathly individuals will borrow money with some return interest.
I would suggest sell car and by cheaper or use public transport. Sell apartment and go back live with parents. Use their space as company space.

it might not necessarily be about paying back but yiu have to be accountable and give them a stake in the business. it can be you helping to promote their name or business

When it comes to my business, the closest thing to free money i have ever gotten was when a relative gave me some cash as a support to my business. Besides that i have been earning all the money i make use of.

Sure you can source free money from your friends and relatives. Try to get the ones you might not necessarily need to pay back at a specific time but it doesn't stop you from compensating them in the future.