HOW TO RAISE MONEY FOR YOUR BUSINESS IDEA

*HOW TO RAISE MONEY FOR YOUR AGRIBUSINESS IDEA OR ANY OTHER BUSINESS IDEA*

You have a great agribusiness idea but you need money to actualize it. This is usually the problem that faces many young farmers in Kenya. This is the problem that I faced when I started out. 

Let’s face it, it’s never easy to raise money to start a farming business in Kenya. Farming start-ups are considered as high-risk ventures and everyone who has heard the sad stories that happen on the farm are afraid of it. 

Banks are afraid of them. They can only give you money if you have already started something and a stable cash-flow can be seen trickling into your account. If they cannot see any evidence to this, they will not listen to your wonderful agribusiness idea.

Farming is just any other business and should be treated as such. The only difference is that farming has more risks involved, and many beginner farmers who get into farming usually don’t get out alive (Succeed). 

This is why everyone is so cagey in giving you their money to invest for yourself or for them.

Having no money or connections is not an excuse for you to wallow in hopelessness. 

If you truly believe that the agribusiness idea (or any other business idea) you have is worth doing or will bring you tons of money and you love it, then don’t give up. Try to find new ways of raising money to actualize your idea. 

Approach things differently and get more creative. Get out of your cocoon and do something that is called a calculative investment. You need to fall back, think about your life and re-assess your funding options. 

I have a few ideas but we all know everyone’s situation is different and what works for me might not work for someone else.

*Start providing services to generate cash flow*

We are all blessed with various gifts in life. There has to be one thing you can do for someone that can help you generate a small amount of money. 

You don’t have to go into an office with a suit and CV looking for a formal job. Try doing (honest) odd jobs for businesses in town, family members and friends and request payment in return. 

This might not sound easy but if you want to move forward in life you have to be ready to make sacrifices. 

I am good in IT, so I developed a few softwares here and there that helped me raise a few coins that helped me move a step forward while in campus.

*Invest the money you have earned into another stronger and more stable business*

I know the frustration of doing odd jobs. Earnings are usually low and not steady. If you have funny expenses on the side you will find them eating up into the little money you have earned. 

This is why you need to hide this money into another/other investments that will take care of it. 

Invest in businesses like Beekeeping, Goat Rearing, Sheep Farming, Pig Farming, and Bull (Boran or Sahiwal) Rearing or any other small but safe businesses. These are businesses that are slow but sure. They do not require a lot of capital and the risks are low. Their market demand is very high. 

The only problem is that they are slow investments which means you will have to wait for some time before getting profits back. I consider these investments as money saving strategies for future bailouts. Once you get your money and profits back then you can move to the next step.

*Invest in your dream idea*

If you are in this step that means you managed to raise enough money to actualize your idea. Go for it. This does not mean you abandon all the steps you went through and focus on your idea. Cash flow is important and the other steps will ensure that your flow is healthy. They will help you to practice a profitable venture and not eat into your profits.

The above steps might be slow but sure. Before you know it, you will have enough capital to start your dream business.

Also don`t forget to join our training on Raising Business Capital.

We have created a WhatsApp group called, *RAISING BUSINESS CAPITAL*

In this group we are going to train and teach you for 21 days, various ways of raising funds to start your business or grow your already existing business.

About six years after I have been studying every aspect of entrepreneurship, I discovered that the same tactics we men are using to woo ladies (and which ladies are using to attract men) are the same tactics that smart entrepreneurs are using to get all the capital they need to start or grow a business.

That is why in this business training, I will be relating getting capital with getting a girl you love.

Since love affairs between men and women are practical life`s situation all of us can relate with, you are going to enjoy this training. You will not only enjoy this training; it will change your financial life forever.

The training will start on Wednesday, 5th July 2023.



Below is a schedule of what will be learnt on each day of our training.

DAY 1: Introduction to raising Business Capital and evaluating if your Business idea is really a Good One

DAY 2: Preparing your mindset to deal with the challenges involved with raising capital

DAY 3: Crafting a great business plan

DAY 4: How to Write a Fundraising Proposal

DAY 5: Choosing your Path to Fund Raising (Debt Vs. Equity)

DAY 6: How to raise seed capital from family and friends

DAY 7: How to raise capital by liquidating assets

DAY 8: How to raise capital by Bootstrapping your business

DAY 9: How to raise capital through Supplier Credit & Customer Lenders

DAY 10: How to successfully raise funds from financial institutions (Banks)

DAY 11: How to raise funds from SACCOs / Chama

DAY 12: How to raise funds from Angel Investors

DAY 13: How to raise funds from Venture capitalists

DAY 14: How to raise funds through Crowdfunding & Peer-to-peer lending

DAY 15: How to raise funds through Hard money loans and Shylocks

DAY 16: How to Get Business Grants (Grants from NGOs and Government business grants)

DAY 17: How to Raise Funds through Competitions (prize money, in-kind awards)

DAY 18: How to Raise Funds through Mergers and Acquisitions

DAY 19: How to Finance your Business Expansion with Equipment Leasing and Outsourcing.

DAY 20: Taking your company public through IPO

DAY 21: Conclusion
   

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