7 Ways To Fund Your Business Startup Idea As A Nigerian, By Adeniyi Ogunfowoke

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Saving is one of the best ways to get money to start a business no matter the number of zeroes in front of your salary. If you have figured out the workability of your idea, you should save a certain percentage of your salary monthly. Sell some of your valuables You have to make the sacrifice if you really want to do business. Your valuables are important. But establishing something that will get you more of these luxuries in the future is the ultimate. So, you can sell your car, your iPhone and other valuables you think you can do without. Family and close relatives You can also seek support from your parents, brothers, sisters and close relatives. Before they release their money, make sure they believe in your idea. You don’t want them to pour money into a basket. Your rich friends If you have friends who are wealthy, you can also sell your idea to them. They may otherwise not be interested in everything you have to say. However, as far as you bring returns on investment, they are willing to give you their money. Search for investors All the aforementioned are personal efforts. Now you have to widen your tentacles. You have to get the big money investors to buy into your business idea. This is where your business plan will come to your rescue. Send it out to possible investors. Not just anyone who may steal your idea. You can ask friends for contacts. Pitch your idea There are some many events where you can pitch your idea to skimming investors. If your idea is good, you are in luck. Remember in this case, others will have to be involved in the operations of your business. Apply for startup funds We are in the Internet age and there are thousands of startup funds out there for Nigerians and Africans. Search for these funds and apply. If your idea is selected, you will be invited for an accelerator program where you will be trained by experts and given cash rewards. But at least, you must have some structure in place for you to apply. — Adeniyi OGUNFOWOKE is a PR Associate at Jumia Travel To Receive Free News Updates, Add To Your WhatsApp: 08033857245; For Adverts Enquiries, Call 08083609209, To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. READ ALSO! EXCLUSIVE: Armed Robbery Attack At Zenith Bank Southeast Owerri That Killed One (WATCH VIDEO) READ ALSO! 7 Women Lure Two Men Into Their Car, Rape Them Serially Inside A Bush READ ALSO! REVEALED: How Brave Policeman That Shot Dead Armed Robber In Viral Owerri Video Died READ ALSO! Why Celebrity Marriages Will Continue To Crash — Comedian, Bash READ ALSO! Shock As Married Woman Dies In Hotel Room In Enugu With Alleged Lover READ ALSO! Mercy Aigbe Visits UK Hospital For Treatment READ ALSO! OWERRI ROBBERY: Nigerian Police Under Fire For Disparity In Their Claim Versus The Viral CCTV Video READ ALSO! UPDATE: Why Nigerian Soldier Who Killed Suspected Boko Haram Terrorist Was Sentenced To Death ]]>