5 Quick Ways To Raise Capital For Your Business.

It is no longer news that owning and running your own personal business is the best bet that you can take if you are really interested in becoming extra-ordinary successful in life. Though, it has its own challenges especially when starting, but on the long run, the advantages are numerous.

Check out the big fishes in the society today, almost all of them are running their own thing. Working for somebody all your life will not guarantee you that kind of success. the worst is the government!

One of the biggest obstacle to starting a personal business is the start up Capital. Do you have a burning passion to set up a personal business but have been handicapped by the capital to begin? The following ways of raising capital might be the antidote to your headache if only you will take ACTION. At least, one of them will be suitable for you.

#1. Personal Savings: If you are really passionate about setting up your own business, you wont be eating everything that comes to your hands. Your dreams should make you to delay gratifications and cultivate the saving habit. At least, if not all, a good percentage of your start up capital should come from your personal savings. 

#2. Get Your Hands Dirty: This simply means finding something to do to generate the needed capital. I mean anything that is legal and morally right.

If you are really passionate about your business plans, you will not allow pride to come in-between your dreams and its fulfilment. Yes! let friends and relatives  scorn and laugh at you because of what you are doing (which might be beneath your status), but you know why you are doing it and you also know that you wont be doing that forever, its just a means to an end.
 The same people will clap their hands for you by the time you are finally living your dreams.

So get down from your high horse and do something to raise your business capital.

#3. Small Personal Loans: If you are really passionate and quite sure of the viability of your intended business, you can obtain small loans from friends and family members to start the business.

For example, if you need #100,000, to start up your business, you can get this amount from three different people, depending on their different financial capabilities.

To successfully get this loan, you must have a good reputation beforehand. People will only give you loan if you are reliable, honest and trustworthy.

#4. Selling Off Your Luxury Assets: Convert your luxury possessions into your business capital. You cannot be looking for capital when you have all those expensive stuffs around you.

By the time you sell two or more of them, it might cover or narrow up the capital you need for your business. You can buy more and better stuffs when you start making profits from your business.

#5. Partnership: In business partnership, all the parties involve shares the business profits or losses. the basic reason for forming a partnership is to bring in people who posses the strengths that will compliment your own or the strength that could replace your weakness.

So if you have a very good business idea but lack the capital to give it life, you can approach someone or people that have the financial strength and try to form a partnership with them. 

Did you find any of these ways helpful? you can let me know by leaving a comment below.

I  wish you all the best in your business pursuit.