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Am currently in business and I started with very little capital, and its really causing me to be in debts help


I deal with indenting whereby I do marketing for international companies and get paid on commission. since am still new in the market I have to wait for a long time before I get the next commission. How can I be helped? Can I get a sponsor to help me for like 3 months, by paying my rent of US$ 200 per month

Lack of sufficient startup capital is one of the main reasons most businesses don't last more than 1 year. Raising the startup capital is can be challenging because you need to be able to clearly articulate your business plan. You need to know how much you will spend, how much money you are likely to make in the next year, 2 years and 5 years. You also need to demonstrate an understanding of the risks and have a strategy to acheive everything you set out to do.

Once you have that business plan, you search for people to either invest in the company or give you a loan. If you set up your company to be independent of your personal finances (you should always do this), then an investor will lose the money they provide if the business fails. Most likely, though, a loan will be tied, at least partially, to your personal finances as a bank will require a personal guarantee.

Common sources for the initial funding, be it a loan or an investment, are friends and family, banks, angels and venture capitalists. Your business sounds like you'd need to stick to the first two. An "angel" is an individual investor who is willing to invest in an early stage company and not expect a lot of control over how it is run. You might call them suckers but I'm an angel investor in several companies and you can get nice returns sometimes.

Bottom line is to understand your business then start talking to anybody that could help fund you. You make it profitable for them by paying interest on the loan or paying a percentage of the net income.

you could become a part- time ''dancer''

$200 pt work

Get a second job until your business reaches a point where it can sustain you.

Anyone who opens a business has been in your shoes at some point or another. We do what we have to in order to make our businesses a success and sometimes that means getting a night job

Good Luck

Tags
  Capital Investment   Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds   Alternative Investment
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