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Funding a business
How to get funding from family
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[QUOTE="Augusta, post: 187483, member: 25283"] One major way you can get funding is always from the family. Infact this should be your sure bet because family like one’s backbone when it comes to executing a lifelong project and starting a business is one of such. So if you need to convince your family to fund [B]Start with presenting your business[/B] The family will want to see the business you want to engage in and how you want to go about it. So oblige them with the detailed information to create the needed awareness. [B]Try to reach a milestone[/B] You don’t need to overwhelm them with the plenty money that the business need. You don’t need to ask for what they can’t afford. You can start with splitting the money. Then tell them how much you need to achieve a specific object or milestone. You can get that done before going for the next objective [B]Show your own investment[/B] Well, you would be a joke if you just want to start a business without even a little input from you. So you need to show them your own financial input to the business you intend to start. [B]Make efforts and show commitments[/B] Families are often times skeptical to part with their money when one come with the request of business money. It seems people are not even passionate about the business, maybe like a hobby to them. so you would need to convince your family that you are serious with the business with your level of sincerity and commitment What do you think? [/QUOTE]
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