Borrowing

Entrepreneurialism – How to Get Your Start Up Capital Without Borrowing Money From the Bank

Most start up entrepreneurs always complain of start up capital but all you have to do is to be creative in your approach and look for creative ways you can start your business which are as follows

Your immediate family

The fist place to consider is your immediate family. Are your parents rich or do you have brothers or sisters that could give you the start up capital, what about your aunt and uncle you must first consider your family before any other source because the answer might just be in front of you

Savings

Savings are actually money you have kept for a particular purpose. You should ask yourself if your savings will be enough to start your venture.

Friends

Another way to get start up capital for your business is through your friends or association. Make a list of your entire friend and pinpoint your friends that will be able to give you the money from the list and act on your decision.

Partnership

Another way to get money for your business is through partnership. you have the idea but no money but you know someone who has the means or capital then all you have to do is go into a partnership with such an individual and sign a memorandum of understanding between the two of you.

Provide a service

You can also provide a service which you know people need and charge a fee for it. the idea is that the money you make from your service to others can later be used to start your business.