How To Source For Finance as an entrepreneur

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Avatar for Mike23
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4 years ago

1. Nothing makes life sweeter than making people happy

*2. The people you help today become your soldiers in the battle of life tomorrow

*3. To invest in properties is good but to invest in people is far far better.

*4. To make money, make people.

*5. Your greatest trophies are the tears you wipe away from people's faces not the things you acquire.

*6. Your greatest achievement should be raising achievers.

*7. People will defend, stand by you & honour you when they realise you value them

*8. Don't let other people's ungratefulness stop you from making others great.

some people are very much interested in starting a business or investing in a business but sometime they get discouraged along the line , not by their own self conviction but consulting people such as friends and family members that has failed in that line of business or that has invested in the wrong business.

But as an entrepreneur , who is or are the best sect of people to consult when you are about venturing into business of any sort?

The best people to consult are people who are genuinely in the business and are succeeding in the business , people who have fallen along the oath of success but still stood up and continue until they get to their goal in such business, not quilters, not people are pessimistic even about their own life.

Entrepreneur who is not convinced in the business he or she want to invest in can easily be misguided by people who gives wrong counsel . but when they meet someone that will give them a little words of encouragement the zeal of entrepreneurship will rekindle and the entrepreneur will hit his or her set goals within a short period of time.

Not all business require huge capital , some business require just little capital and with patience it grow to an enviable financial status and freedom.

Who are you as an entrepreneur ?? Why do you call yourself entrepreneur ??

An entrepreneur is a person or a business person who sees an opportunity and grab it without wasting time.

WHY DID I SAY WITHOUT WASTING TIME

Wasting time in the sense that he does not go around asking people if he can make something happen , rather he or she make decision and takes action to fill that vacuum that need to be filled.

In time wasting someone else will discover that same opportunity take action and start making profit why you are thinking and asking question if you can make something happen , by the time you decide to start the business will be already flooded and you will say it is a bad business but you forgot that others are succeeding in that same business you labelled as bad, scam, unfruitful etc.

Some time when we come across this opportunity that will change our life forever there are some things that make us to withdrew and at the end we remain in the same spot.

WHAT ARE THOSE THINGS THAT HINDERED ENTREPRENEUR FROM TAKING RISK?

There are different things that could lead to this but I will discuss few which include

1 Finance:

sometime when we get the opportunity to change our life, finance will not be there to execute such project thereby making us not to venture into such business.

2. Fear:

We have the money but we are always scared of investing in business that we all know is profitable just because we scared of losing the money or scammers. Yes there are scammers there also real business opportunity to help you and your family.

3.Wrong advisers :

This is one of the most dangerous sect of people to am entrepreneur , we call them beer parlor analyst , can analysed anything even without them having prior information , they can discourage entrepreneur to abandons his or her plans.

4. Laziness:

There so many people especially in the south south and south west region of this country , if you tell them there is an opportunity somewhere even 2metre from their house they will still not take out time to find out what it is all about , instead they will on their bed asking to narrate to explain what it is all about , many people has missed out of good opportunities just because of laziness and procrastination.

WAYS TO RAISE MONEY TO FINANCE THAT DREAM BUSINESS OR PROJECT.

The following are some of the ways which can be very helpful when strictly followed.

1. Family and friends : These are the nearest people to us that when we tell them our dream or project we have in mind, some time they support your vision, why some will ask you how much capital have you raised before they can support you, while others don't genuinely have to support, in our country today large majority of people broke so they can not help.

2. Loans From Cooperate Organisations: One of the other way of having money to execute that dream project is through loan collection, and loan can not be given without collateral this has hindered many entrepreneurs from starting that dream business or project, and as an entrepreneur it is very and totally wrong to collect loan to start a business of any sort , large percentage of people who do this don't survive in business and they end up in debt.

3. Grants: Yeah! Grant is a very cool way of getting money to finance your dream business because you are not paying back the money given to you, it look as if the money is coming from your pocket, but some people sometime misused this kind of money because it is free money , and grant does not come easily because people who provides these grant are very view so as an entrepreneur don't wait for grant but if it come your way grab it.

4. Personal savings: this is another way of acquiring resources for your dream business and project without collateral, if you are able to save money by yourself to start a business or a project you will guide it jealously and a chance to succeed in your business is very high.

HOW CAN AN ENTREPRENEUR SAVE MONEY TO START HIS OR HER DREAM BUSINESS ??

1. Savings from regular job or work, people save from their daily or monthly pay so as to start better business than their current job or work, the problem with daily or monthly savings is that it takes a very long time to achieve the desired amount to start that business of your dream, and along the line something emergency may come up and the saved money will become your only source of relief, or can you have money saved somewhere while you about looking for money to settle emergency situation?? No you make use of what you have.

2. Investing or partnering with an already existing system that can help you grow your little investment while you can still forge ahead with your regular daily or monthly pay job.

This kind of system help grow your finance, over a short period time will you will have the desired money to finance that your business or project, and the system will continue to pay you for a live time and hour children or relatives can inherit that investment you made.

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