WAYS TO GET MONEY TO START YOUR BUSINESS

The dream of starting a business is one of the most interesting dreams of a person. It is always the hardest to start a business because many people have the best ideas in business, yet they lack money to initiate the business. I have also understood that money cannot be raised to a business through luck but planning, creativity, and perseverance. In this write up, I will tell you various ways on how to raise money to get started with your business although you are not born in a rich background. Personal savings is the first method of acquiring money. Such is the most prevalent and safe approach. Little by little by little you can save a lot of money. To illustrate this, I can save a little bit each week throughout the year and accumulate the amount to purchase simple essentials that I require to initiate. Discipline and seriousness are displayed when one saves money, and once people realize that I have invested my own money in my idea, they tend to trust and support me. Although this might take some time, it is good to commence with individual savings so that a solid base could be formed and I am the real owner of my dream.  [Image Source](https://pixabay.com/photos/dirham-moroccan-currency-banknote-3479568/) The other good way is borrowing within the family and friends. They are individuals who are already familiar and have trust in me. They do not mind to help me sometimes, when I explain my plan properly, and demonstrate that I am serious. One should be open and honest when borrowing with them. I am supposed to write down the amount I took in the form of borrowing, the time I will repay the amount, and how I will spend the money. This will serve to keep the trust and prevent future issues. Most prominent business people in the world today had small beginnings due to the fact that one person near them saw the vision in them. The third method of raising money is by raising funds through partnerships. All may not have the money to start a business, however, with combined efforts the other party will have the money to start a business. A partnership enables two or more individuals to exchange ideas, competencies and capital. As an example, one individual can possess money and no time whereas the other can possess time and a great passion. The combination of the two increases the pace of the business. Nonetheless, one has to select the appropriate partner, someone who holds the same values, goals and takes success seriously. The other source is government or private grants. In most of the countries, programmes are in place that assist young entrepreneurs. The thing about these grants is that you do not have to pay it back.  [Image Source](https://pixabay.com/photos/banknotes-currency-finance-euro-7850299/) All one has to do is to be a good business plan and demonstrate that your idea is a solution to a real problem in the society. It can be hard to write a business proposal and apply such grants, yet, given that I will learn to do so and present my idea properly, I have a good opportunity of being selected. Another new method of money raising is crowdfunding. This involves the use of the internet to inform people of your idea and solicit them to give you small pieces of money. Such sites as GoFundMe, Kickstarter, and others assist individuals in getting finances contributed by strangers who are fond of their ideas. My success with the crowdfunding strategy requires me to possess a clear vision, a good story, and robust online presence. Individuals will willingly hand out money not just because of the business and not because they have faith in the individual behind the business. Side hustles are also an excellent means of raising money, though, when one is employed. I will be able to begin small with what I already know how to do such as graphic design, writing, tailoring, baking, or even how to sell small products. The income of a side hustle could be saved and spent on later developing a more substantial business. This could be time-consuming, yet it will assist me to acquire experience and skills of doing simple business before taking full steps into a bigger venture. There are also possibilities of finding money with the help of angel investors and venture capitalists. They are individuals who come in as investors in new businesses either in a time-shared ownership or profit sharing. I will need to have a well prepared business plan, and a clear vision on how the business will develop, to attract them. It may be heavy-handed but even small organizations can get local investors in case the idea is persuasive enough. Option would be loans in banks or micro finance institutions, which must be adopted cautiously. Prior to borrowing, I need to be knowledgeable about the terms, interest rate, and plan of repayment. Borrowing money without due planning may be a stressing affair but when used appropriately it may assist in the faster growth of the business. There are even special programs of microfinance institutions among young business people or small businesses. Lastly, I feel that doing things small is quite a strong beginning. Most individuals believe that before starting, they require a good amount of money, however, the reality is that some of the best businesses around the world started with very little. It is always best to start with what I possess and develop into the same. People will support and with that, it will be seen that there is progress. The ability to initiate is at times more important than the capital. To sum up, it is not an easy task, but it is not impossible to get the money to start a business. It can be saved personally, it can be borrowed among family and friends, it can be partnered, it can be a grant, it can be a crowdfunding, it can be a side hustle, it can be an investor, it can be a loan. It is important to be patient, creative and determined. I have understood that money never fails to flow in the hands of individuals who have clear objectives, honest intentions and the will to work hard. Therefore, rather than waiting until one of the miracles happens, I can begin to take small steps today. Bit at a time, and with a prayer, my business dream can come true.