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Business Ideas Forum
Funding a business
Why do businesses need capital?
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[QUOTE="PICKFORD, post: 208161, member: 37913"] I 100% concur with you, a lot of people wish to be their own boss,also a lot of young entrepreneurs have good business ideas and for them to implement these ideas they need capital or some sort of revenue help to establish these ideas. In country like West Africa to be precise Nigeria, there are a lot of people with good business ideas but they were one of the feature or factor hindering them is lack of capital this is true Because the poverty rate in Nigeria is high and people are living above their per capital income which make it hard for people to save and as a result the idea of establishing new businesses or implementing great business ideas is lost. Although there are other ways to seek capital to implement business ideas like accepting loans from Bank, but as a young and newly started business it is usually advisable for you to use capital generated not from loan but from either the person in particular or Grant given to you by the government.another fact I want to point out is that there are some businesses that require no capital at all these kind of business are online based a good set of this business include affiliate marketing and freelancing etc [/QUOTE]
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Funding a business
Why do businesses need capital?
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