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Hie. How can i get capital to start a small scale business.

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7 answers

The question of raising money for a business is a very common question that others have asked on this discussion board. Please review my response to this same type question > https://www.micromentor.org/question/9427

Report Matt's answer

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You don't need money to start up you need money to backup /upgrade the business, start-up in whatever small way and get the experience first, because every business has it's own teething period having gone through, understanding the what it takes with your financial statement your can then apply for a loan, or grant if the need be.

Report Obisanya A.'s answer

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I appreciate the above responses by Mr. Obisanya and i have followed what Mr. Matt Evans has provided on the same. In most of my mentorship program , I have always advised that one can find a temporary job to raise the capital for starting up a business especially in most developing countries where it is difficult to access loans from micro financial institution and banks, many of this require a collateral security or meet other formalities put across .

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Report Miguel 's answer

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Grants are usually a good way to start a small venture

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