HOW TO RAISE CAPITAL AS AN NIGERIA ENTREPRENEUR



Entrepreneurship
Many people try to depend on
government- managed loan funds ,
government subsidies , government-
funded business development centers
and entrepreneurial curriculum in
schools to raise the capital they need. But
the truth is infusions of venture capital
funding at both federal and state levels
do not necessarily foster the wiliness to
bear the risk of a new venture that has
significant chance for money- making .
Entrepreneurship is the creation of new
and better ways of doing business, which
will destroy the established ways of
doing business. So, do not expect funds
from those you are trying to keep out of
business through your new combination
of resources .
Capital is more mobile than labour, and
funding naturally flows to those areas
where creative and potentially profitable
ideas are being generated . It is important
for you to estimate how much you need
and then raise that amount to transform
your dream into a reality . But what you
need to start- up your business and take
up the market is your ideas and not
funding. Funding does not create new
ideas ; funding follows ideas .
It does not necessarily take a lot of cash
to create a successful business. What you
need is a good idea first and the good
idea alongside proper planning will raise
the capital for you . While I was at the
University studying Computer Science
and Electrical/ Electronic Engineering, I
knew I was not studying to graduate and
work for someone else but to be in
business for myself. Apart from IT
training sessions I organized while in the
University towards raising capital for my
future business, I also ran my wears and
perfume business, which I started with
my feeding and pocket - money as a
student.
At the time I graduated from the
University of Calabar with my first
degree in Computer Science , I was
already in business for myself. This is
proper planning and you can do it .
During my National Youth Service , I also
increased my financial state through my
Community Development Service project ,
which I exclusively sponsored and
achieved significant financial rewards
when the power - personalities identified
with my CDS project. This and other
projects enabled me to raise the capital I
needed to be an entrepreneur without
going to anyone or government for
funding.
In entrepreneurship , what you need to
sail on and cruise beyond the waves of
the sea of favorable occasions is
moneymaking ideas . If you feel what is
holding you back is capital , have a
second sight and see beyond where you
are right now. If you are ready to be an
entrepreneur, estimate how much cash
you need to cover expenses until the
business begins to make a profit. I will
give you just five ideas that will give you
capital just enough to establish the
business, invest in some inventory and
create some advertising materials .
IDEA # 1 : Most pastors in the US and UK
have personal and church websites . In
this city alone , there are thousands of
churches and they do not have website .
You can write proposals to these
ministries to at least set up a website for
them to preach the gospel with ease,
impact lives online and even sell their
materials. This has already made a multi -
millionaire . Even if you do not have a
website development skill , you can
employ the services of a website
development company and make your
money through discounts and
commissions.
Johnson  is a poet , motivational /
Inspirational/Financial Speaker and
Business Consultant

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