Have you been skeptical about having a start-up business and worrying over how you can have funding for small business? It not only takes courage, but also a good deal of common sense and above all the capital to have a start-up that can grow into a successful entrepreneurship. But how do you come up with some really creative ideas to raise business financing that can have your start-up going?
Kuza Biashara gives you few tips on small business financing:
Look for volunteering hands:
There are lot of young people who are in the early stages of their careers or pursuing university education. They are ever-willing to volunteer or intern for an organisation for the sake of gaining quality experience. Interns and volunteers can prove to be great helping hands. They can indeed drive you organisation forward. Why not approach universities for the agreement and pick the best people?
It’s alright to ask for help. You are only borrowing what you need. Perhaps your friend is no longer interested in that possession which has been laying their for ages gathering rust, but the device is great for you business.
Sharing office space:
You may want to share office space with a friend or even a stranger in return for a reciprocal service. Perhaps you get a space that is closely accessible to the clients, you can do a bit of front-office or marketing for your office space provider as you operate your business from there.
It may sound really weird to ask strangers for monetary assistance. But it is slowly getting acceptable and has gathered the term called ‘crowd funding’. This is really interesting as the funder may actually be offering a small amount, not really in return for a monetary benefit, but may be for recognition or inexpensive rewards or discounts.
You may be a solo entrepreneur, but you could still share resources with like-minded people with similar objectives. For instance your office may be located in the same premises of another business. You may strike a mutual consensus of sharing and using the resources like stationary or promotional material or business cards that can have details of both your businesses in one go. This way you not only save money, but also promote each other’s business.
Working from home:
Do you really need to have a swanky office or have an office premise outside your home? Just think about it. If you do not need to have too many people on the floor, if your business is not the sort that requires massive infrastructure, if you are looking for options that can help you keep an eye on your household activities while you work, starting the business right at home can be a brilliant idea. This way you save your travel expenses and you can cash in a lot of time.
There are multiple ways to have a small business funding. Just get a little more creative and think of unique ways to achieve it.