Due to the uncertainty in the financial world today, many
people find it very hard to lend money to those around them to do business and because of this many people who are having beautiful ideas to make money have never being able to start their business.
Here in this article I will outline some few ways to help you ovecome these problems and enter into your dream businesses.
Why are most people unwilling to lend their money out?
The reason is simple ,no one want to lose their money
but will rather want to gain more .So most people will only give out their
money by first considering their personal benefits .And some after even hearing about a profitable business, still won’t invest due to lack of
confident in the business or the person running the business .
Ways to get working capital from people without borrowing
1.Know their interest
Put the person’s interest in front of yours by looking at what they want and help them get it. Do they want more money or want to have a business or want to enjoy life more etc. All these questions are ways to get people. If you have ever gone for fishing with a hook before, you will certainly know that you can only catch a fish by using the food the fish eats as a bait on the hook. You can never catch the fish with the food you like eating but with only the food the fish eats. It the same way you only get people through what they want.
2. 2 .Get
them their interest
How I applied this and
got money to do business without borrowing
Now if you are not a business person
you might think this is a fraud but remember in business no one sell any
product at it original price. Every trader always adds an amount of money to
original price of the product before selling.
3. 3. Provide
what companies or businesses are in search for.
a. Provision
of skill men
There are many people who have built
skills in various field but are not able to get places or opportunities to
always trade their skills for money. Now ,knowing which skilled person you can
have access to, you have to position yourself as someone with access or
provider of the service of the known skill and then look for a company or an individual that is in need of the services and then make a contract deal with them. When you get the contract,
you then hire the skilled men to render the service for you and the company will
pay you and you in turn pay the skilled men. What you have done is, you have used
the individual or company’s money to do what they want and have made profit on it.
There is always financial transaction
between businesses ongoing each day. The manufacturing companies are producing
goods which will be sold to the wholesale distributors who will then sell to
retailers. These businesses already have their operating capital to do their
business and hence intermediating in any stage to help them transact business
with ease or helping them to buy at better price will put you in the position of doing business with them. To achieve this business intermediating, you have to search for wholesale shops and negotiate a lesser price with them and after that, you can go and look for retail shops who may not know of your wholesale shop and assure them
you will like to provide them their goods at a lesser price. First let them
know you are a distributor of their goods and then tell them your price, and
if it ok for them ,you will get the contract of being their supplier.
I hope this will help you come up with a plan to get a working capital to start your business if your don't want to borrow from anyone.
No comments:
Post a Comment