Welcome To NaijaSky


Author Money Sources for Business  (Read 1011 times)

Description:

0 Members and 1 Guest are viewing this topic.

Offline Isaac Adeniran

  • Offline Income for Online Marketing
  • Administrator
  • *****
  • Posts: 11683
  • Gender: Male
    • Share Post
Money Sources for Business
« on: December 17, 2012, 03:12:19 PM »
Money Sources for Business

Where can you find money for your business? What kind of financing should you look for?
The type of funding available to you will be influenced by the stage your business is at in its life cycle. If you are just starting out and have no track record and no established product or service, you usually have to bankroll the business using your own resources. These may include your savings, income from a full-time job, personal loans, a second mortgage on your home, money you can borrow from relatives, or even what you can borrow on credit cards.
If you have a proven concept, and/or contact with individuals with money to invest, angel capital may be an option.
Angel investors can be anyone from a personal acquaintance looking to invest a small amount of money to seasoned investors who look to invest in startups they think could develop into very large, profitable businesses.
If you are buying an existing business, you may be able to get the seller to finance all or part of the loan. And, if you're buying a franchise, the franchisor may offer help by leasing equipment to you or by helping you get a bank loan.
As your business grows you are likely to need more money than you can finance out of your own pocket. Depending on how much you need and the nature of your business, bank loans or inventory financing may be options.
Venture capitalists may be the source of capital.
There are no hard and fast rules in business, though, so there are exceptions to all of the above. Sometimes, for instance, bright ideas for new businesses, particularly in the technology sector, do get outside funding while they are in the idea stage. And, neither banks nor venture capitalists or other outside investors may be willing to put up the money to get you to the next stage in your business.

Linkback: http://naijasky.com/raise-money/1710/money-sources-for-business/4192/

NaijaSky

Money Sources for Business
« on: December 17, 2012, 03:12:19 PM »


Share via facebook Share via linkedin Share via twitter

xx
THE BEST SOURCES OF MONEY FOR YOUR BUSINESS

Started by Success Writer

0 Replies
563 Views
Last post April 29, 2012, 09:08:17 AM
by Success Writer
xx
10 SOURCES OF LOAN

Started by Success Writer

0 Replies
916 Views
Last post April 29, 2012, 09:19:27 AM
by Success Writer
xx
THE BEST SOURCES OF GRANTS

Started by Success Writer

0 Replies
863 Views
Last post April 30, 2012, 11:23:33 PM
by Success Writer
xx
SOURCES AND TYPES OF COLLATERAL SECURITY

Started by Success Writer

0 Replies
737 Views
Last post April 29, 2012, 09:24:44 AM
by Success Writer
xx
HOW TO DO BUSINESS WITH OTHER PEOPLE’S MONEY

Started by Success Writer

0 Replies
871 Views
Last post April 29, 2012, 08:54:15 AM
by Success Writer
clip
Where to Get Money to Start a Business in Nigeria

Started by Isaac Adeniran

0 Replies
1925 Views
Last post December 17, 2012, 03:13:28 PM
by Isaac Adeniran
xx
HOW TO GET MULTIPLE BUSINESS MONEY LEGALLY

Started by Success Writer

0 Replies
1000 Views
Last post April 30, 2012, 11:07:28 PM
by Success Writer
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1005 Views
Last post April 01, 2012, 02:41:21 PM
by Isaac Adeniran
0 Replies
563 Views
Last post April 29, 2012, 09:08:17 AM
by Success Writer
0 Replies
943 Views
Last post June 12, 2015, 01:42:46 PM
by Isaac Adeniran