Forums: Discussions for entrepreneurs and small business.

Hey how`re you guys?

I`m a 19yr. old aspiring entrepreneur from the Philippines and I`m planning to start my business. I`ve got everything in place, all I`m lacking now is funding.

I`ve been trying to find ways to raise money without loaning from anyone. I need about Php100,000 which roughly converts to about $20,000 for my primary business. So far what I`ve been trying to do is to set-up a smaller business, whose cost is small and within my current means, which I will use to pay for my bigger business.

Is this advisable or not? And if you have alternatives in mind, I`d very much like to hear it.

Thanks!


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Dimitri Roleda, dimitriroleda@gmail.com

That is very smart. You could do multiple things to raise capital. You must think outside of the box. Try to sell something that is hot in the market, but with a low cost. Good Luck!

HI,my names jeff mccartney,if you are reading this i would like you to understand that i am not trying to give you a loan im only trying to direct you to where i got mine from.4months ago i seriously needed cash but i was directed to worldcare cycle,a philantrophic loan granting organisation where i was loaned $8,000 to start up a beach side store in hawaii.i,my girlfriend and my younger sister currently proit from this store.you could try them out at worldcare.8m.com

Youdontknowme,

You strategy is a smart one... plus by generating your own cash, you will have a discipline and respect for money.  I just encourage you to have your first "feeder" business be in a similar line of work to what your new "bigger" business is going to be.  Good luck with your LAUNCH!

-Ifyoudontknowmebynow

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Mike Michalowicz
Author of The Toilet Paper Entrepreneur

The best way to do business is to do it with your own funds.  Loaning may cause more stress and coenr eventually but how does one become equipped with money saving strategies.  I learned this the hard way - I had to stumble here and there since there is really no absolute road to saving.

 

It would help if you are exposed to resources like this forum blogs like The Dime. http://www.thedimecolorado.com

I'd love to hear how you guys do your saving?  Could you share?

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Save money now!