Pros and Cons of Bootstrapping

Bootstrapping as a way of financing startup. What is bootstrapping? Bootstrapping is the term used in startup financing to describe a situation where the owner of a business choose to use his personal savings to fund its business rather than seeking for external financing. Some business owners choose to bootstrap not because they actually like this option as a means of financing their business. If they try other sources and it seems nothing is forthcoming, they may therefore resolve to bootstrap. Sourcing for funds from Venture Capitalists is not as easy as people write about it in the articles. Before Continue ReadingPros and Cons of Bootstrapping

How to Secure Small Business Grants

A Guide on how to get small business grants. Are you in doubt as to whether small business grants are real? Government usually supports small businesses with small business grants in order to achieve specific objectives. Small business grants may come in different forms. It can be a free small business grants whereby the beneficiaries are not expected to repay. It could be that the government will provide the grants in form of loan but with less stringent conditions. Government may grant loans to small businesses with a long repayment period or at a cheaper rate.  It could be in Continue ReadingHow to Secure Small Business Grants

How to Get Loan From Bank of Industry for Small Business

Procedure for securing loan from the Bank of Industry As a small business owner, I understand that you may be facing some challenges in raising funds for the expansion of your small business. Growing a small business organically can be very challenging. But the good news is that the Bank of Industry is out to assist small businesses with funds that they might need to grow their businesses. Unfortunately, small businesses still find it difficult to access the funds. It is not that the Bank of Industry is not willing to release the funds. The problem is that most small Continue ReadingHow to Get Loan From Bank of Industry for Small Business