Investors and banks do not fund Ideas

Investors and banks don't fund ideas. They invest in going concerns and buy equity in businesses that have been prototyped, and have a proven business model & market.
Friends, family members, philanthropists, grant making organisations and competitions fund ideas.

If you're an early stage business, stop looking for investors or loans. Register for grants from organisations like Tony Elumelu Foundation, go for competitions like Google Launchpad or look for a benevolent uncle. These sources of funds are "no pressure". They do not attract interest and many times will be written off, if your idea doesn't work.

By: Subomi Plumptre

Comments

Popular Posts

Giving a Positive meaning to the WHY

Comportment and Etiquette

Lifestyle and Health Quotes for this Week

Dream Big, Aim High, Never give doubt a Chance

What Value are You gaining from the 5000 Facebook friends list?

Please, Do it Fearlessly

Success Story: How I went from a CGPA of 2.29 to 4.00 within a Semester

Thoughts and Words – Attitudes and Actions

Reframe the meaning of your past experiences to be able to excel in the present

Donate to my ministry and receive the Anointing in return (Rubbish!)