How To Raise Money As An Entrepreneur


Business ideas are everywhere, but you might think you have a business plan that would be a bomb if huge capitals are invested in them. You might probably be fiddling on how to get capital, or even convince people to invest in your ideas.

In his book, "MONEY-Master The Game", Tony Robbins said, “For some of us money is vital and crucial, but not paramount. It is simply a tool, a source of power used in service of others and a life well lived.” He continued, “We’ve all seen how money can have the power to create or power to destroy, it can fund a dream or start a war”. You can read the full text here



Now as a young entrepreneur, you need to get some things into considerations before you approach someone to thrust their hard earned wealth on your ideas. Where to start from? That depends on how mature the business is. Below are some steps to raise funds

1. MAKE USE OF YOUR PERSONAL FUNDS: Making use of your hard earned money will be a better shot as no one would wants to invest in you if you are yet to commit yourself to the cause. So get into your no matter how meager it may be, you can also meet family and friends that supports your idea, you can get some if not all the funds you require to starts your business



2. SHARE YOUR IDEA ON SOCIAL MEDIA: You can share your idea on social media to a community of investors or people willing to support your ideas or cause. By doing so, you’ll probably get someone to reason with you and pledge to support your business model and donate funds respectively.

3. LOOK OUT FOR THE RICH: Billionaires are lying around everywhere, be on the lookout for rich people to support you with huge capital. And mind you rich investors not only invest in your business, but also offers mentor-ship alongside their capital for startups.



4. GET A BANK LOAN: Banking institutions can provide you financial backings to you if you approach them with a solid plan. The business plan must be well structured to convey the mode of operations, profit forecast, estimated time of maturity.

5. GOVERNMENT OFFERS: Sometimes, government offers startup capital to fund businesses. Just submit your plans that’s acceptable by the committee and once it has been checked and approved, you will be provided with the funds to start up your business.



6. ENGAGE IN COMPETITIONS: Get involve in competitions that requires entrepreneurs to showcase or pitch their business modules against other competitors vying for the same funding for their business.

7. STRATEGIC PARTNERSHIPS: Find people that would be staffs in the process of putting your idea to work, e.g a supplier, distributors, or especially a customer who tends to gain so much from your solution that they are willing to help foot the bill.



                      Now, there are no miracles when it comes to sourcing out early stage funding, but with the right capital strategy and concentration, you as a young entrepreneur can avoid shooting yourself in the foot.  Get to read Tony Robbins book titled “MONEY-Mater The Game” free of charge courtesy of our partnership with Audible: http://tidd.ly/248f835b.

Comments

Post a Comment

Popular posts from this blog

9 Things You Didn't Know About Aliko Dangote

Image
      A renown business mogul, known all over Africa and beyond, born 10th of April, 1957 is the owner of Dangote Group, who dominates some commodities in Nigeria and other African countries? he's no other than Alhaji Aliko Dangote GCON. He was ranked the richest person in Africa and 23rd in the worlds by Forbes. Valued at about $25 billion, is the first black man to attain that position among the worlds 25 richest people. Not so many things are hidden about the Nigerian billionaire as his profile is all over the internet, but here are few things you probably don't know about the C.E.O of Dangote Group. 1.HE'S HAD AN EYE IN BUSINESS FROM CHILDHOOD: Youth that actually aspires to be like Dangote should not think he achieved what he is today overnight. He was said to have been in love with business right from his tender age. Napoleon Hill stated in his book, " Think And Grow Rich ", that "When your desires are strong enough, you will appear to pos
Read more

How to Build Wealth Without a University Education. Part 1.

Image
Education is really good! But I know that it is a privilege and not everyone has that privilege. I have seen people who really wanted to get an education while growing up but they didn't have the privilege. I have also seen people who had a good formal education but still have nothing tangible to show for it. Bottom line is formal education is not an assurance for success and lack of formal education doesn't mean one is eternally condemned to poverty, just as the people in the image above prove this to be true. I'm sure you've heard stories of peasants, farmers, housemaids, street children, who came from nothing and built wealth on and of their own, creating generations of wealth and prosperity. So let's dive in and talk about the things you can do to built wealth with any education. Learn a trade or a skill: Learning a trade or acquiring a skill is education as well; you are learning and acquiring knowledge and this will set a path of income for
Read more

How To Make ₦14,000 Weekly on Piggyvest. | Sign Up Now & Get FREE ₦1,000 Instantly.

Image
In this article I will walk you through 3 simple steps on how to setup and activate a money making piggyvest account to constantly make you a minimum of  ₦ 2,000 daily which equals to  ₦ 14,000 weekly. Chances are, you’ve already heard of Piggyvest. But what is Piggyvest Really? PiggyVest is an ultra modern platform established with the aim of integrating savings and investments. Since its introduction in 2016 as PiggyBank, PiggyVest has transformed and is growing into a large financial management platform with products planned for the next few years to enable you manage your finances better. PiggyVest has more saving and investment products designed to help you manage and grow your finances, providing quality services to help achieve financial freedom by merging flexibility, simplicity, discipline, and convenience, thereby taking away financial stress. NOTE: WITHOUT COMPLETING THESE 3 STEPS, YOUR PIGGYVEST ACCOUNT WILL NOT BE ACTIVATED FOR EARNING. In Order
Read more