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Funding a business
Creative Ways To Raise Business Capital
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[QUOTE="Kendy, post: 215035, member: 63869"] There are many ways in which an individual can source for funds to set up a business apart from going for the famous alternative which is taking of loans. There are entrepreneurial programs on the media such as the; radio and the television where individuals come to pitch their business ideas and whoever has a feasible plan is being sponsored to venture into the particular business of his or her choice. We have such program in my geographical region which has helped so many upcoming enterpreneurs in becoming independent and self-employed. Another way of funding a business creatively would be to opt for investors but you should have it at the back of the mind that investors would only choose to invest in a business which has a feasible business plan, has a back-up plan and has a crisis management technique. No investor would opt for a business which would not be productive in the short or long run. Another way of sourcing for funds in starting up a business is by opting for empowerment grants from philanthropist and government organisations. You could also opt for crowdfunding where you pitch a business idea and you ask for donations and sponsors although you may not get the realizable funds you need to start up a business in crowdfunding but it will go a long way in helping you to accumulate funds. [/QUOTE]
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