business can be a problem and can cause a set back. So I will be
talking on ways to get cash for your small scale business. In an
article written by Ola Emmanuel,"14 feasible sources of capital for
your business" published in The punch Newspaper of October 9,2013, he
made mention of 14 sources to get capital for your venture. In
continuation of what we started sometimes ago;
Private (equity) placement is another way to raise capital. You allow
private placement of funds. In Ola's word " You may call for private
placement of funds in your business. Such funds are equity funds
whereby the private investors own shares in the business. They may opt
out of the business by selling their shares later."
You can approach money lenders. He said "There are some individuals
within communities who engage in money lending. You may not know about
them until you ask people, especially community leaders."
Joining a Cooperative society can give your business a big boost and
access to cheap funds. He maintained that "It is the coming together
of like-minds to pool funds for joint investments. Members can access
cheap funds for their private ventures from their coop societies."
There are financial institutions (Micro Finance houses) set up to
assist small ventures with funds. He continued "...finance
institutions primarily set up to provide funds for micro and small
businesses. However, it should be a last resort for short term
financing."
To be continued...
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