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Jewel
Knowledge Seeker
Asked: 2023-09-22T22:22:09+00:00 In:

Where can I get capital to start up a business if am broke?

We can’t start a business without capital and also we can’t raise the capital if we are broke or out of money , if am really eager to start up a business where can I get capital to do so ?

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2 Answers

  1. Mfon
    Newcomer

    First, you have to start with your own personal savings. Then you now go to your family members or your best friends who are ready to help you and who are willing to raise your standard. You must now go to the bank, for loans or from online platform. Go to people who can invest, tell them your businRead more

    First, you have to start with your own personal savings.

    Then you now go to your family members or your best friends who are ready to help you and who are willing to raise your standard.

    You must now go to the bank, for loans or from online platform.

    Go to people who can invest, tell them your business ideas,they may pick interest in your investment.

    For example if your business has high growth potential, consider approaching venture capital firms.

    There are some business grants, competitions, or incubator programs that offer funding to startups, look for them.

    Time without number gradually reinvest profits to grow your business over time.

     

     

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  3. Crystal
    Knowledge Seeker Experience on Blockchain technologies.

    That's why emergency funds is always important and necessary because it can help you build up business fund when you broke. Having a special saving account can help you in times of emergency, making it a little easy for you to build up a business again. Not just to have a separate saving account butRead more

    That’s why emergency funds is always important and necessary because it can help you build up business fund when you broke.

    Having a special saving account can help you in times of emergency, making it a little easy for you to build up a business again. Not just to have a separate saving account but to make sure you always deposit some parts of your income to the account.

    Like me now I have 3 account, with different purpose.

    So if any changes arise you can still have some money to start up a business no matter how condition is.

     

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