Raising Capital from Your Current Job

Raising working capital is probably the biggest obstacle many entrepreneurs face in starting a business.

Working capital as we all know is the amount of liquid assets especially in cash or accessible as cash to run and grow your business. Start-up capital (which serves as working capital) should cover business expenses for at least one year or until the business can generate enough revenue to sustain itself.

- neur at heart but the major challenge facing them is that their current 9-to-5 job salary is more of it been enough to raise capital for their dream business.

It is probably tougher to be an entrepreneur at the start than work a 9-to-5 job. Keeping your current job will provide you with a steady source of income while you continue to work on your business.

always use your current salary as your startup capital for your dream business if only you know where to look for it.

school teacher that knows how to sew or a recharge card and the list goes on. Every Nigerian worker has the mind to compliment their salary with one form of business or the other.

- ing about raising capital is to determine a rough estimate of how much of a working capital that will be needed to start the business.

should include the amount needed to pay - all other expenses that need to be covered until your business revenues will cover and exceed all expenses.

- torship in the area of business you are inter capital into a business you have little or no to get some training and mentorship from people who are already succeeding in that business.

We will be discussing on some areas to look at when raising capital for your business.

WAYS TO RAISE A CAPITAL FROM YOUR CURRENT JOB:

Start With Your Savings:

when trying to raise capital for your business especially for anyone who is presently in a paid employment.

If you are employed; you certainly earn an income from the salaries.

Saving a reasonable part of any money you receive is a good start to raising the capital you need for your dream business.

mar funding your business idea. Deposit apart of your salary every month into the account and leave it to grow with interest.

Family and Friends:

Raising capital from friends and family members is another area you can raise capital for your business. the next best source of capital for your business.

One advantage of raising capital through friends and family is that they already like and care about you and want you to succeed.

- vestors to take interest in your big ideas will take advantage of this source of funding for your business

Get Advance Funding from Customers:

- ning a business with zero capital. Customers with an urgent need for a product or service are often willing to pay part or full price for the product in advance.

with the capital you need to produce the -

best for business that do not require any business from scratch using advance funding from customer.

Find a Partner Who’s Got the Cash:

in your dream and has the cash to help bring that dream to reality and partner with him or her.

- power to build an amazing product but you still need a partner who has money that you need to make the product and sell it to the market.

table and can share ownership of the busi

Sell of Some Personal Asset:

also another area where you can raise capital for your business.

that can yield the required funds to start your dream; currently the items are not in use and and raise the needed capital.

Capital is available to everyone if only you business today; just dare to believe in yourself and start.

Olodu keonyedi – is a trained engineer and by passion and personal development a public/motivational speaker, a business coach and human capacity developer, he has a B.Eng degree in Civil Engineering from the University of Nigeria Nsukka, he is a member of Nigeria Society of Engineer and a COREN registered Engineer. Email: olodukeonyedi@gmail.com Tel: 08037489704, www.instagram.com/sir_keon. www.facebook.com/olodu keonyedi_mentorship