For the to be entrepreneurs out there !! This ones for you
Once you have a business idea, the first step is to draw a business plan and make an estimate of how much money will be needed to develop your business in the first couple of years. Almost anyone can come up with a business idea, but it takes money to move from imagination to reality. According to an accountancy firm EY’s recent survey, 55% entrepreneurs consider funding as their biggest hurdle. Funding is available for startups, you just have to know where to look. Here are some ways in which you can fund your small business/startup.
Self-Funding/Consulting/Friends & Family
Self-funding (bootstrapping) is the easiest way to finance your business, but for that you need to have some money in the first place. This may also involve selling and/or pledging your own assets. Provided you have the skills you can launch a consulting business to support your startup. You can also…
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