Raising Capital For Any Startup - 1324 Words

Raising capital for any startup in Nigeria is hard, and it is discouraging to invest in a business idea that is not easy for some entrepreneurs. Applying for secured personal loan or even a loan without collateral is not promising to anyone too. So, if you are looking for a business loan without collateral, you have to understand that getting a small business loan without collateral is certainly tough in today’s economy. That’s why you find a lot of searches on internet about â€Å"how to get loan without collateral† and it is commonly asked by many people from all parts of the country. When you visit a forum like Nairaland where entrepreneurs meet often to discuss about cash loan without collateral, you ll find discussions threads talking about start up business loans, simply because their businesses are either established through a loan or personal investment. There is no doubt that it s difficult to find money to start a brand new business. In fact, as mentioned earlier, this is one tough hurdle you have to cross if you are business owner and you’re trying to raise a startup capital. There are many problems confronting entrepreneurs, though, the main one is how you can raise venture capital. If you have an excellent idea, the only thing that could hold you up putting that idea into reality is how you can finance such idea and get started with angel investors. Almost everyone in business today has one story or another to tell regarding how difficult it turned out for theShow MoreRelatedThe New Way Of Raising Capital1517 Words   |  7 Pagesone of the most difficult part for an entrepreneur to turn their idea into reality is raising capital. However, with the recent technology boom and a society that gets euphoric from new ideas, entrepreneurs now have a plethora of new ways to get their company funded, with crowdfunding as the most recent new way of raising capital. Crowdfunding is a tool, typically done via the Internet, that will allow any entrepreneur to attract a large number of individuals to invest small amounts of moneyRead MoreEntrepreneurial Difficulties in Bangladesh1181 Words   |  5 Pagesentrepreneurs. One of the primary difficulties that entrepreneurs face is raising capital. Finding out what types of difficulties entrepreneurs face in raising capital, and how the government and private sector can help to eliminate them, is the subject of this report. This report is an attempt to critically evaluate and review the current problems of acquiring for entrepreneurs. The government itself has not shown concerns about the capital market and hence has not given it priority in the national budgetRead MoreIs Crowdfunding A Viable Alternative For Your Startup?1268 Words   |  6 PagesIs Crowdfunding a Viable Alternative for Your Startup? There are a million things to consider when starting a business of your own, from the product or service to the officers, to the work flow, and of course, the funding. It’s a great moment when you finally nail down your business model, get your paperwork filed, and get all of your excited people working in the trenches, but none of that happens without dollar signs. Money is a delicate subject when it’s your own, let alone when it’s not, andRead MoreBusiness Writing : What Is A Waste Of Time?932 Words   |  4 PagesWriting 20 pages of meticulous plans about your startup is not going to make you money. You won’t get an investor to invest in your business because you had written a book about what you are planning to do. What gets you money? Actually putting your ideas to the test – showing results in real life not on paper. Starting a business is time-consuming and it’s hard. Don’t make it worse by spending a days in front of your computer creating a lengthy business plan. Essentially, do not waste timeRead MoreAnalysis Of The Topic Wax And Wane With Market Cycles1519 Words   |  7 PagesVC funding. Our perspectives on the topic wax and wane with market cycles. We love capital efficiency until we love land grabs until we abhor over funding until we get huge payouts and ring the bell for more funding until we attract every non-VC on the planet to invest in startups until it crashes and we start the cycle all over again none the wiser. Amnesia sets in and we get back on the merry-go-round. IMG_2799 I saw this great image on Twitter courtesy of Simon Wardley, CC3.0 by SA. (blog here)Read MoreA Brief Look at Flipkart1097 Words   |  4 Pagesunderstood in a casing, with the help of the table below. Table 1: 1.Venture Financing Stages of Life Cycle Types of Financing Sources to choose from †¢ Development stage Seed financing Savings, entrepreneurs assets Family and friends †¢ Startup stage Startup financing Savings Business angels Venture capitalists †¢ Rapid growth stage Second round financing Business operations Suppliers and customers Investment Bankers Commercial Banks Retained earnings 2.Seasoned financing Stages of Life CycleRead Moretale of lynx999 Words   |  4 Pagestriumvirate structure. Milmo was President and Chairman, Curtis was CEO, and Pascal was CTO. Milmo and Pascal were appropriate for their positions, while Curtis, who had years of sales experience for VC-backed companies, was suitable for marketing or raising funds rather than CEO CEO is a peoples job and , Curtis was a failure in this role A bad job of Making Curtis a CEO Milmo looking for Renaissance People Less people and more skills- a good deal A good job of finding multi-dimensional peopleRead MoreMarketing Strategy : A Product Or A Service Prototype Essay1419 Words   |  6 Pagesby prioritizing growth over profitability, dominating the current market before any competitors. As a result, faithful customers and functional profit will naturally emerge. â€Å"If you have a great product, getting in the door may be the hardest part of the battle† (Kawasaki, 2004, pg.49). It is just impossible to walk into any startup without having someone giving it a discussion. The basic marketing plan of raising awareness, to generate interest, which then leads to desire, and finally, promptsRead MoreThe Right Level Of Burn Rate1915 Words   |  8 PagesGoal: How to determine the right level of Burn Rate Total word count in this document: 376 Title: How to Determine the Right Level of Burn Rate - outline A startup I recently worked with was in panic mode when they realized they only had enough money to operate for three more months. As they frantically tried to raise funds, I asked them what their burn rate was. They were a little sheepish when they told me they didn’t know for sure. While they had an estimate when they started, they were usingRead MoreBusiness Industry : An Alternative Source For Finance Funding3223 Words   |  13 PagesAlternative Source for Finance Funding Providing a Unique Opportunity to Make Money Executive Summary For many years, startups and small businesses had a difficult time in raising equity and debt in order to grow and expand. Furthermore, under the laws, ordinary investors, such as friends, family, peers, and strangers are restricted to invest. Today, with a stagnant economy, many startups and businesses are struggling more than ever just to survive. With the passing of the Jumpstart Our Business