Who better understands your vision, goals and potential than the ones who know you the best?
As unconventional as this may seem, personal loans from family and friends has become a major source of finance for businesses around the globe and in this country. Identify potential investors within your personal network and treat them with the same professionalism as you would treat an organisation. Present your business and financial plan to them with passion and promise to foster their commitment to both you and your venture. This initial investment could spark the interest and drive the investment of professional financial service providers in the future.
So a business loan from a professional financial institution may not be a viable option for you right now…
Here are other ways in which you can become savvier and make your money go further.