Sources Of Business Capital (1)

Drawing a good business plan with no capital to execute it can be
frustrating. To get your business off the ground, you need a start-up
capital. There are ways to finance your business.

In an article titled: "14 feasible sources of capital for your
business" by Ola Emmanuel which was published on October 9, 2013 in
The Punch Newspaper,the writer discussed 14 ways to raise cash for
business.

He made mention of networking groups. He said "Networking groups may
include financing of members' businesses in their activities. Where
this is the case, members can approach such a group to raise money for
business."


According to Ola, Entrepreneurs can get cash through GIP i.e
Guaranteed interest payment,which is based on the agreement to pay
certain percentage as interest per annum. He continued "There are some
individuals who provide capital for businesses on agreement to pay
guaranteed percentage as interest per annum. These fund providers are
not interested in becoming shareholders but their money must be
returned after using it for a number of years with interests payable
every year."


Friends can help if you approach them,it's called Financing through
acquaintance. He put it this way "Some friends do have idle funds
which they are not readily in need of. This is a good fund you can be
allowed to use temporarily and return in good time."

Don't let start-up capital draw you back. Take a step today.