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What is the best way to raise finance for your business?

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Answered: Ifeanyichukwu Utonwanne 3 months ago

One of the best ways to raise finance for your business is through family and friends. This way is tried and tested. This group can easily believe and support your business idea.

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Answered: Mirian Alexandra 3 months ago

It's not easy getting finance to execute any business idea. In my opinion, I think getting from family, friends and from personal savings is definitely the best way. Though they all have their pros and cons but it more better than getting loan from banks where you will be burdened with bank interest and probably may drop something tangible as collateral

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Answered: Sola Atobatele 3 months ago

Your family and friends have a vested, personal interest in watching you succeed. This might make them more willing to invest in your business, especially in the beginning.However, taking money from friends and family, can be tricky, and all of the pros and cons should be scrutinized before deciding to use this method to generate funds.If this fails ,then you can do personal savings or try getting loans from financial institutions 

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Answered: tope olasupo 3 months ago
student . Interested in politic, entertainment,.

seek for loan if you sure the business is profitable enough to repay back,, so you don't run into bad debit

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Answered: Oluwasegun Okusanya 2 months ago

Loan From friends and family advisable.
Loan bank for larger loan..
You attend empowerment programs or seminar.

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Answered: Onyinye Okugo 2 months ago

They are several ways to get finance for your business. Banks, loan facilities, thrift, etc. But one of the best ways is through mutual fund from family and friends, personal savings, investors, and grants as this guarantees peace of mind. I would advice as a start up business, you start small with personal savings, solicit funds from family and friends by telling them your plan and what they will gain, if you don't want that then look for investor or grants. Note: Seed Investors might want certain returns on investment( you can seek the advice of a lawyer) and grant givers will only give you money if you've started and have grown your business to certain level. You must be able to pitch your business and be credible. All the best

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