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How do I source funding for my business apart from loans?

My business is capital intensive, n I don't wanna take any loan again cos it has affected me negatively in the past.

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Because your business is capital intensive, sourcing for funds from family, friends, and colleagues may not get you so much. I'd recommend you look at finding at least one of the following:

• Grants: If your business is a social enterprise, you may look out for organisations that offer grants to businesses in your industry. Grants do not require a repayment.

• Partners: They are willing to offer the product or service you need without requesting immediate payment. You could negotiate to pay in 30-90 days. This gives you time to make revenue and pay off in that time without the immediate pressure to pay.

• Co-founders: They are willing to put in their money and be an active part of the business for shared ownership in the business. That is, they own part of the business depending on how much stake you negotiate to offer them. And are involved in the day-to-day activities of the business.

• Investors: They also offer money for a share of ownership of your business. They, however, are not involved in the day-to-day running of your business. Investors may have the right experience and networks to help your business get to where it needs to be.

Some business owners do not feel good about giving up some amount of ownership of their business for capital. But I like to say 50% of $1000 is better that 100% of $100.

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