How can I raise business capital from scratch?

[gammarays]

This is the issue facing most people. There's abundance of business ideas but no funds to start the venture. At times, you might not have the access to financial facilities such as loans or grants so you're left with the option of starting from scratch.
How do you solve this issue?

 

[Starmix]

It is better to save first to have some amount for capital. It is better to start from a small capital business near your area.

 

[gammarays]

It is better to save first to have some amount for capital. It is better to start from a small capital business near your area.

Sometimes when you don't have money to save initially, it's better to look for something else like a job that'll be giving you some money. Starting from scratch is the best though it's difficult.

 

[Starmix]

Sometimes when you don't have money to save initially, it's better to look for something else like a job that'll be giving you some money. Starting from scratch is the best though it's difficult.

Agree with you, it's difficult to start the business of our dream in the absence of capital. Somehow we feel we'll prosper in some other way like the active job and passive one that earns some to have something on our plate.

 

[gammarays]

Agree with you, it's difficult to start the business of our dream in the absence of capital. Somehow we feel we'll prosper in some other way like the active job and passive one that earns some to have something on our plate.

Ya we need to do something no matter how small it is. In my country, we engage in menial jobs to keep body and mind together while expecting for a better day.

 

[Mikky]

This is the issue facing most people. There's abundance of business ideas but no funds to start the venture. At times, you might not have the access to financial facilities such as loans or grants so you're left with the option of starting from scratch.
How do you solve this issue?

You start saving for it, I think that's the only way I can solve it.

 

[gammarays]

You start saving for it, I think that's the only way I can solve it.

Ya saving is the best way even if the money is too small. If I save it to a good amount, I'll use it for something reliable that'll grow my income so I can save more.

 

[Mikky]

Ya saving is the best way even if the money is too small. If I save it to a good amount, I'll use it for something reliable that'll grow my income so I can save more.

Yeah, its the best way no matter how small it is

 

[gammarays]

Yeah, its the best way no matter how small it is

I've even planned to save the money I get from working online till it's a bit tangible then look for other reliable ways to grow it. Once I get something tangible, I'll use it to start something small.

 

[Mikky]

I've even planned to save the money I get from working online till it's a bit tangible then look for other reliable ways to grow it. Once I get something tangible, I'll use it to start something small.

Same here, although its small but it can be accumulated into something big

 

[Stardom22]

This can be achieved by saving atleast 10% of your income whenever you get it. So you can accumulate the savings till it reaches your desired amount of capital.

 

[Mikky]

This can be achieved by saving atleast 10% of your income whenever you get it. So you can accumulate the savings till it reaches your desired amount of capital.

That's also a good saving initiative

 

[gammarays]

Same here, although its small but it can be accumulated into something big

Yes little drops of water turns into a big body of water with time. It's an experiment I'm willing to try and it's working out well for the mean time. It's worth it.

 

[Mikky]

Yes little drops of water turns into a big body of water with time. It's an experiment I'm willing to try and it's working out well for the mean time. It's worth it.

Yeah, sure it will with time.

 

[rubesh]

Raising business capital from scratch can be a challenging task. However, here are some steps you can take to get started:

1. Research potential sources of capital. Look into traditional sources such as banks, venture capitalists, and private investors. Also, explore alternative sources such as crowdfunding websites, government grants, and angel investors.

2. Put together a business plan. A business plan is essential when seeking any kind of capital. Include details about the business, its products and services, a competitive analysis, financial projections, and a marketing plan.

3. Contact the potential sources of capital. Reach out to the sources you researched to discuss the possibility of obtaining capital. Be prepared to make a pitch and answer any questions they may have.

4. Negotiate terms. If you're approved for capital, negotiate the terms and conditions of the transaction. Make sure you understand all aspects of the agreement before signing.

5. Put the capital to use. Once you have secured the capital, use it to finance your business. Establish a budget and plan for the funds and ensure you are utilizing them in the most efficient way.

 

[Imran Noori]

This is the issue facing most people. There's abundance of business ideas but no funds to start the venture. At times, you might not have the access to financial facilities such as loans or grants so you're left with the option of starting from scratch.
How do you solve this issue?

I do not recommend bank loans instead someone could work, raise money and then start their business.

 

[Shavkat]

You can determine by conducting a business feasibility study. Once you spend more time to research about the parts of this study, you can able to know more aside from the capital.

 

[gammarays]

I do not recommend bank loans instead someone could work, raise money and then start their business.

Yes bank loans is only suitable if you have a growing business you want to expand but need money. It's not recommended for a fresh business to start with bank loans.

 

[Golden9]

Start saving small sums of money, use it to start a business that doesn't require much capital. Continue the process till you have enough money for your desired business.

 

[eldavis]

Once you know the capital needed for the business, you can easily startup a side business or hustle to raise the needed capital. It would take time but in the end it is way better than taking loans.