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How to get money to boost your business

groehtmkr

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  1. Reinvestment of profits (own savings). An important source of obtaining resources is in own savings, which can be based on the reinvestment of profits obtained by-products that the company already has in the market.
  2. Shareholder investment. Innovation will represent a benefit to the company itself, so an interesting mechanism is to get the owners of the company to increase their investment in it, with the aim of promoting and promoting innovation projects.
  3. External sources of financing, such as bank and mortgage loans. In the market there are different schemes of a bank and commercial financing, most of them are mortgage schemes, that is, that remains a pledge real estate that guarantees the payment of the loan received.
Finally, any of the outlined schemes will require the entrepreneur or business plan for the project that is being financed, in order to ensure that it has a market and that the money that will be invested in the project will return to the investor, with economic profits.

Do you know another way to raise capital? Share your opinion
 
But it is important for one to know the loans he goes for , I would suggest the one mentioned above about the government lest you take a loan that requires you to pay more than you took.
I have to be more specific here. I am talking about Nigeria, somewhere in the African continent. Let's look at the CBN COVID - 19 loan facility currently going on, the interest is five percent, which to me is okay. The application and processing is quite simple. All you need do is to fill online form, stating your bio information and why you need the loan facility. Of course, you have to support your claim with a scan copy of you particulars like means of identification. As simple as that. If approved, you have the amount deposited in your designated account.
 
Nigeria, somewhere in West Africa. Sure, there are different sort of loans from the government to that effect. I also, benefited from one recently.
Wow , that's good to know . I am also from Nigeria . I applied for th
Nigeria, somewhere in West Africa. Sure, there are different sort of loans from the government to that effect. I also, benefited from one recently.
OK bro. Am from Nigeria too . I applied for the same loan but it seems that , there are people that are selected to be given .
Congratulations on getting the loan from the government. I hope you use it well.
 
But it is important for one to know the loans he goes for , I would suggest the one mentioned above about the government lest you take a loan that requires you to pay more than you took.
Outside paying more than you took , you will be afraid to take calculated risk , because you don't want the money to waste , and the collateral used for securing the loan lost . that's one problem with loans collateral with interest
 
Yes, this is one of the problems with loans that come with collateral and an issue that people usually neglect in most cases hence putting themselves in problems.
Yea but most times , you won't really blame them for acquiring loans , because some of them have no other alternative except loan , the government loans are in most cases , one sided . not everyone get to acquire it .
 
Wow , that's good to know . I am also from Nigeria . I applied for th

OK bro. Am from Nigeria too . I applied for the same loan but it seems that , there are people that are selected to be given .
Congratulations on getting the loan from the government. I hope you use it well.
Thanks guy. Don't give up yet. The process is ongoing
Wow , that's good to know . I am also from Nigeria . I applied for th

OK bro. Am from Nigeria too . I applied for the same loan but it seems that , there are people that are selected to be given .
Congratulations on getting the loan from the government. I hope you use it well.
Thanks guy. Don't give up yet. The process is ongoing, yours might be in the next batch. Besides, which state are from and how much did you apply? It's state by state, you know?
 
Thanks guy. Don't give up yet. The process is ongoing

Thanks guy. Don't give up yet. The process is ongoing, yours might be in the next batch. Besides, which state are from and how much did you apply? It's state by state, you know?
Oh . I never knew that it is state by state , am From the south east region . I think I can now understand while people in the north , seems to be the ones that got the loans so far , as compared to other regions of the country .
 
Oh . I never knew that it is state by state , am From the south east region . I think I can now understand while people in the north , seems to be the ones that got the loans so far , as compared to other regions of the country .
You get no worries my brother. It's state by state. I am actually from a North Central state. We got ours after some states had gotten theirs. I believe yours is still on the way. We will surely get there. How much did you applied?
 
It's only advisable to take loans when you have already started your business, only then you can now take loans to expand the business, taking loans for a start up business is not a very good idea.

i wouldn't suggest taking loans for many reasons, one of them is that you don't know if your business is going to succeed or not , and if it doesn't, you will end up paying loans with fees for literally no profit .
 
i wouldn't suggest taking loans for many reasons, one of them is that you don't know if your business is going to succeed or not , and if it doesn't, you will end up paying loans with fees for literally no profit .
Same here , but the problem is that all hands are not equal , some people may not have the money to start up a business ,and so they need loan .
It could only be better if it is government loan .
 
i wouldn't suggest taking loans for many reasons, one of them is that you don't know if your business is going to succeed or not , and if it doesn't, you will end up paying loans with fees for literally no profit .
Certain situations demands taking loans for even a start up. So businesses are very promising and risk low. A loan will enable you start up and establish you self in little time.
 
Certain situations demands taking loans for even a start up. So businesses are very promising and risk low. A loan will enable you start up and establish you self in little time.
Well yeah, you'd take it to boost your beginning, but you can't really guarantee the profit that will make you able to pay back the loans, so you can't know
 
You are correct to good expect. There is always a risk of no guarantee profit for every start up. But that's what makes it a business. Every business whether start up or not involves certain risk.
 
  1. Reinvestment of profits (own savings). An important source of obtaining resources is in own savings, which can be based on the reinvestment of profits obtained by-products that the company already has in the market.
  2. Shareholder investment. Innovation will represent a benefit to the company itself, so an interesting mechanism is to get the owners of the company to increase their investment in it, with the aim of promoting and promoting innovation projects.
  3. External sources of financing, such as bank and mortgage loans. In the market there are different schemes of a bank and commercial financing, most of them are mortgage schemes, that is, that remains a pledge real estate that guarantees the payment of the loan received.
Finally, any of the outlined schemes will require the entrepreneur or business plan for the project that is being financed, in order to ensure that it has a market and that the money that will be invested in the project will return to the investor, with economic profits.

Do you know another way to raise capital? Share your opinion




I think affiliate marketing and other online jobs can also get you some of the money you need if you do it the right way
 
You are correct to good expect. There is always a risk of no guarantee profit for every start up. But that's what makes it a business. Every business whether start up or not involves certain risk.
Every business need a good capital and proper management to keep the business going,getting money to boost your business can come from loan or you can easyly sell your asset to make some money then invest this money in your business.
 
i wouldn't suggest taking loans for many reasons, one of them is that you don't know if your business is going to succeed or not , and if it doesn't, you will end up paying loans with fees for literally no profit .
You know business is all about taking risks, there might be a time you need to expand the business and the only way to do is by taking loans, that's why I said taking loans is not really advisable but when that's the only option the business can consider it.
 
loan is one option. if you can convince the bank with your business idea the loan can be approved. Bank approve the loans if it is viable option for them
 
  1. Reinvestment of profits (own savings). An important source of obtaining resources is in own savings, which can be based on the reinvestment of profits obtained by-products that the company already has in the market.
  2. Shareholder investment. Innovation will represent a benefit to the company itself, so an interesting mechanism is to get the owners of the company to increase their investment in it, with the aim of promoting and promoting innovation projects.
  3. External sources of financing, such as bank and mortgage loans. In the market there are different schemes of a bank and commercial financing, most of them are mortgage schemes, that is, that remains a pledge real estate that guarantees the payment of the loan received.
Finally, any of the outlined schemes will require the entrepreneur or business plan for the project that is being financed, in order to ensure that it has a market and that the money that will be invested in the project will return to the investor, with economic profits.

Do you know another way to raise capital? Share your opinion
Sourcing fund from family members,friend s, and crowd funding
 

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