2006-10-09 18:23:38 · 8 answers · asked by silent 1 in Local Businesses ➔ Other - Local Businesses
Get a Nigerian partner..They seem to do this all the time.
2006-10-09 18:25:04 · answer #1 · answered by Red 3 · 0⤊ 2⤋
You do not always need capital go into business. You could have other assets such as, Knowledge, Experience, Contacts, Goodwill, etc. If that is the case look for partners that are looking for any of these qualities or what you have to offer, and start from there. and build up capital over time.
As for "RED" up there, Nigeria is a country of over 150 million people with so many Nigerians doing extremely good and genuine business all over the world. Do not stereotype because you've come across a few dodgy one's. There is good and bad in every group of people. Richard Branson wouldn't be investing heavily in Nigeria, if the Nigerians were that dodgy. Please get your facts RIGHT!
2006-10-12 05:54:16 · answer #2 · answered by joechuksy 3 · 0⤊ 0⤋
It all depends on the type of business you are starting, your age, your length of time unemployed and even where you live has a bearing on any financial support that may be available. You need to fully cost your idea and research your market and go to your bank armed with a very impressive business plan. With absolutely no start up capital of your own you're very unlikely to get any funding. Go to your local Business Link (If you're in England) they have all the advice and support you need.
2006-10-09 18:37:54 · answer #3 · answered by Phlodgeybodge 5 · 0⤊ 0⤋
Find an employer, earn some money, prepare your business plan and discuss it at length with an advisor at the bank or with your accountant, set a date to start your business (plan the termination of your employment) after working out how much capital you will need and how long it will take you to save it!
Or alternatively, talk to relatives with money or even to the bank. Introduce your business plans if they exist. If your plan is viable then you might get a sponsorship or at least a loan
Hope this helps!
2006-10-09 18:31:47 · answer #4 · answered by Gary H 3 · 0⤊ 0⤋
Get a job in a business that you think you may be interested in learning. Learn it on the other person's dime, and when you know it, establish your own business. It would help to learn the ins and outs of having your own business through courses.
2006-10-09 19:00:28 · answer #5 · answered by KIT J 4 · 0⤊ 0⤋
Grants and loans. Depending on your sex and race you can register as either a woman owned business or a minority owned (or both). You would register with your state.
2006-10-09 18:32:21 · answer #6 · answered by UNapologetic! 4 · 0⤊ 0⤋
Look for Africans who are good in running business with zero money to spend. They can even turn blank papers to US dollars.
2006-10-11 03:08:21 · answer #7 · answered by Scouser7674 4 · 0⤊ 1⤋
I THINK THE BEST ANSWER IS:
YOU START AS AN EMPLOYEE FOR A FEW MONTHS AND SAVE THE MONEY. AND THEN YOU CAN ASK FOR BANK LOAN. IF YOU GET THE LOAN + YOUR OWN MONEY THEN YOU CAN START SMALL BUSINESS
2006-10-09 18:35:34 · answer #8 · answered by waty w 2 · 0⤊ 0⤋