Topic: Why is it difficult for people to get capital easily? - page 9. (Read 990 times)

It is very difficult for people to get capital easily it is never possible to get capital without hard work. Financial knowledge and decision making skills to increase capital help people weigh options and make informed choices for their financial situation. Things like deciding how and when to save and spend cutting costs before a big purchase and planning for long-term savings need to be learned about. An individual maximizes the available financial resources through proper management of his money to best achieve his financial goals and objectives.

I'll tell you something and I'll be straight to the point, No one will trust you with money if you've no assets to show as collateral. In essence, I mean its hard to get capital as a startup, unless its from family members who believe in you. Bank loans are approved to those whom have good collaterals to present. Government loans for startups in my country are even taken by the so called distributors. They set the standard of  loan and grant collection so high that a mere struggling startup would not have all requirements to access such loans. The worst is to use loan sharks for startups, they start collecting back their loans from the next month without giving little time for the money to settle in the business and start multiplying before they start demanding repayment.

Long story cut short, OP you're in charge of providing the capital for your business by yourself. How you will do that isn't easy at all, but you must do it.
Increase your value. Learn one or two skills and offer paid services to people, save up a part of the money you need lets say 40 - 60%. Now when you go to seek funds from people or companies, you're no longer begging for money to start the business, NO, now you'll be looking for collaborators or investors who will partner with you in the business of yours. Believe me, people will tend to support you more and not look at you like a simple beggar, but a businesswoman if your business idea is very sound.

You should focus on what you are saying, that you are working hard to get capital to start the business you want. Planning a business is not an easy thing and when you start planning to raise funds for a business there will definitely be a temptation to require you to spend some money on business capital for help or important needs for yourself or family members. And this depends on you and if you are consistent with your plan, you will not use the money you collect.
And if there is no other way than to raise your own money independently, why not, and you have to do it consistently and the best way is to look for additional income or additional work to accelerate your business plan. Building a business from effort, hard work and patience is what will determine the fate of your business because you can learn from the start. And if your business is successful, you can invest in Bitcoin and you can do both to become successful and your financial freedom.

Why do we all have different thinking and personalities? We evolved based on our surroundings and our education. Knowledge is important and it helps people make decisions based on facts.



My father brought me a laptop that I have been using till now. I have learned some skills and have been selling my service till now which is helping me generate enough money to live on. We all have different stories along with the challenges we have faced. Asking for money from relatives is a bad thing, you can offer them a share of your business so that you can distribute your risk with them all.
 

I haven't live so long, but in my short life I haven't heard anyone build a successful business without getting a loan from the Bank. Sure some of them might start with their own money, but they started it with a very small business and then when they need to expand they will took some loan from a bank. Most of people I know use their house or any type of real estate/land as collateral to get their loan. And it's get even harder to save up some money for capital when the inflation is through the roof and the price for basic needs is surging.

Obtaining a large amount of capital can be a difficult task particularly when you are in debt to your siblings and find it challenging to refuse when they ask for financial assistance. This is a challenge that we all face. We can see the opportunities in front of us but the only thing standing in the way of achieving our goals is a lack of capital. Even if we do manage to obtain the necessary funds we may still question whether these opportunities are truly viable when we have the capital.

Its important to allocate a designated amount of money each month for your relatives based on their basic needs. Stick to this amount until they understand that it's the maximum amount you can give for now until you have saved enough capital. This will help you manage your finances better while still supporting your loved ones.

Until now I am still in a position to collect capital. And yes, the capital target I want is still not achieved. But I am currently continuing to struggle to quickly get it on target. I also have several plans about the business that I will build. But I see that the real challenge right now is the economic condition in my country. Mainly I see a decrease in buyer power in the market. Or in other words, currently the decline in buyers in the market is starting to become clearly visible. So that made me think a bit about whether I should start a business immediately or wait until economic conditions improve. I personally was taught to be independent even from school. I went to school even while working part time. But I didn't continue to a higher level. And I've spent more time relaxing in recent years and also exercising a lot, which is one of my hobbies. And maybe this is the year I start to get serious about building my own finances. So I started collecting capital this year by working part time or whatever can make money in a good way. But until now I have not dared to ask my family or my own parents for capital. Because maybe I'm not used to all that. I prefer to build everything my own way.

i came from a country where family is very important and it will never ever be acceptable for you to turn your back on them you have to help them when they need it even if you’re quite suffering yourself

what i can suggest is for you to say no sometimes you have to establish realistic financial goals set goals that you should be able to save x amount of money at the end of the month remember i said realistic so you’ll be able to reach them and if you can’t do this with your family always asking you for money then it’s clear what you have to do

Getting a capital is not an easy task to do because it's requires time and efforts to raised money and to also get the required amount needed, so the issue that lies here also is about how many people are ready and willing to pay the demand it takes, another thing that concerns most is the fact that if one should succeeded in having the money, maintain using it for the business sustainability, I've seen many business start ups having a good start but ended like flame along the way because of lack of adequate manage.

Yes actually for this problem does depend on the situation and conditions and also yes a little with their willingness, if indeed you are in a country that is quite easy for you in terms of loans for its people then yes obviously with that then you may not have problems with the name of capital, as long as you have good planning and management about the business that you will run, because of course you have to think not only in terms of capital but careful preparation that should be the main concern, because it is not uncommon for people who have a lot of capital but experience failure in their business journey.

Yes although your country may provide loan assistance but it doesn't mean that you will easily get it because obviously it's not just you who wants it but probably most of the people in your country. You mentioned about the time issue here and I think it is manageable, although they are quite busy with their normal work but surely they will be able to find some time that will support them to come to the loan service on time, I don't think it is a serious problem because they have other family members such as for example his wife who can come to the loan service, or if they still can't they can just ask their boss at work to take at least one day off to go there.

You've addressed a general issue: raising investment funds. The path is difficult but not impossible. In my experience, financial freedom begins with strict personal budget management. It's not just about earning; it's equally about saving and investing wisely

When I started, I focused on creating a budget that prioritized savings. It's vital to distinguish wants and needs. Cutting wasteful spending can free up income for saving. I also investigated multiple revenue streams. Not just the day job, but side gigs, freelancing work, and other acceptable ways to get money

Family commitments require a difficult balance. It's admirable to support your siblings, but not at the expense of your financial goals. Try to establishing financial boundaries and having honest conversations. Financial independence is a long journey. It takes time, discipline, and planning

Research before investing in BTC or any business. Know the market, its potential risks, and your investment approach. Risk mitigation requires diversification. As they say, don't lay all your eggs in one basket. Spread your investments across assets to avoid large losses

There are various ways to get capital. After I was 24 years old, I independently worked as a freelance website editor online with Brazilians, and several other side jobs as a writer, grab and go-car driver while studying at one of the universities where I live. And fortunately, 1 year before graduating from college, I got an offer to work on a website related to bitcoin and blockchain with a bitcoin salary of up to 7 years. From there I built a career and established relationships with cryptocurrency-based people who gave me many opportunities to get Bitcoin savings, of course this cannot be separated from the role of the bitcointalk forum, during the ICO boom I think it wasn't just me, many of the members of this forum also got a lot of profits from the ICO bubble at that time in 2016-2017.

The point is that if there is a will there will definitely be a way, do what OP can and focus on the goal. In the beginning, it felt difficult and I was still dependent on my parents, but since I was able to find a rhythm and continue learning, gradually we were able to be free from the shackles.

The budget you have will definitely clash between your needs and business capital. This often happens when the income is less than ideal to support our own needs, provide a certain amount of funds for the sake of our loved ones, but on the other hand we also need guarantees, whether it's health or retirement funds in the future, namely by investing, doing business, etc. This article will involve the context of financial management aspects. If your income is stable then this is not a problem because it has a main basis. On the other hand, if you feel that your income is not yet completely stable and that sometimes your own needs conflict with the needs of your loved ones, then accumulating capital to achieve your goals will definitely take longer.

The question is, is what you have produced so far managed well?

Meanwhile, what I do now is keep setting aside 10-20% for long-term needs (business capital, investment, etc.). That's all I can do because it is adjusted to what is produced. Furthermore, gifts to loved ones, especially parents, are arranged every 1 month or 2 months depending on the schedule that I have prepared from the start, and even then after basic personal needs have been met.

too many people see these shows like sharktank/dragons den. and see business conventions doing "seed investment rounds" where people are handed huge sums to fund their business idea's

too many people think they need huge sums to start a business because of it.

however you do not. there are ways to start a business cheaply.. the disadvantage is more work effort from the start to spin that business up repeatedly to grow to a scale you want, rather than instant scaling from the start via outside investment

you do not need to build a factory and fund hundreds of employees to train them to operate machines and then produce mass products to then distribute to businesses.. in the hopes it later makes sales to then give you returns

you can use existing services that offer bespoke production facilitation where you can just buy a small amount of product at a cost. and then sell direct from your own website or a fulfilment service like shopify/amazon and then re-order and grow the order amount as you make sales

for advertising, you dont need to beg an investor for a large sum to pay advertising costs in the hope it generates sales later.
instead you can give influencers(modern salesmen) x% of each each sale they produce. funding them after the sell

Life is not always the you expected it to be, for me during my school days I was thinking after my university will get automatic chance in a company that is situated in our farmland which everyone wishes to work with. But I came to realized that life isn't the way we looked over it because what you planned isn't what God plans for you for it is another different version of stories. About your siblings calling you regularly for their school needs Yes it's alway good to attends to them, but if I may get you correctly it seems you people are above 5 in the family and secondly you aren't the first child (first born of your parent) right? Good!

What you would do is that if you must saved money for business look for a way to join to monthly contribution group where if you receive salaries you send part of your salaries over there or possibly create a bank account you have no access whereby immediately you receive salary the bank will automatically deducts a specific amount from your main balance to your non reachable account then the little balance can be reserved for your expenses and charity to anyone who asked you.

What I noticed most at times is that we don't always plan well with our salaries or weekly/monthly income and immediately we received it we start distribution without at least removing savings from the income, and whatever that makes you start altering that money you ended up not having any single savings so, if you followed this methods you will end up having savings. Lemme give you one parable from Africa " Persin wey dem carry for back no dey carry anoda persin for back". Meaning; you that is trying to stand won't put all your siblings load on your head, there are some that are mostly needed maybe the urgents ones you can see to it but when every little problem you send money to them take or leave it you can't make any savings by doing this.

That is the only way you can be able to save for your business or whatever you want to investment on, like me not every request my family  need I easily release money to, why because there are alternatives and we can actually managed what we have. Have this at back of your mind that family requests doesn't always end so the more you keep settling the family problems the more they keeps arising causing you not to have any savings for your life. And the most painful thing is that same family would still come abuse you that when you were making money what have you been able to established with your money, bro it's very painful to have this at your later ends so it's better you plan to have saving than overseeing every little problems of your family.

First, people tend to think that business is the one for them that will lift them out of poverty or the hard situation of their lives now. I'd like to say that there are people that can do business and start from nothing. These people are for the business and there are people that finds a way to complain but they also want to start a business but they're voicing out the hardship they deal with. I'm not discouraging everyone but it's always the different situations that we're dealing with for starting and raising a capital. Some can easily raise it because they have no obligation for their families but some does it as well even if they're sustaining their families need. Now, looking at the brighter side for every situation that one aspiring businessman is dealing with. Look at these hardships as a challenge that you have to overcome. Not every journey that you plan will go according to what you've planned for.

Human life is in stages you have to move from becoming a dependant to a stage where others now depend on you and this stage is referred to as the responsibility stage, a stage where money doesn't stand still in your hands as responsibilities both from family and personal needs are in constant demand for the money.

Being a student I never had understood well the weight of responsibility's my parents borne until it got to my circle after university got a job and reality was dawn on me.

Getting a capital is not that rosy you have to be convincing enough with your business plan how successful it potent to be on a scale of 1-100 before anyone can hand over huge sum of money to you as capital for your business. Same requirements if you go to any financial institution and you also have to use a collateral.

For people that are from a family with rich people, he can meet them to raise capital for his business that's if they are willing to support the ambition.

People who have enough money almost always have their own business. They may not have the experience to make a business thrive on a regular basis, but the point is that money that is free, that is, not currently in need of spending, should always work.
But you OP, in all likelihood, have a slightly different view on understanding the word “capital”, since you are strongly attached to your family, and the family always requires money, there can never be much of it. To live independently and build your capital, you need to divide (if possible) funds for your family and for investing or starting a business. The second one requires good amounts to be able to pay all the expenses associated with the business.

Getting capital is so hard, me too I use to tell myself at times that why do I get business ideas when I don't have Capital. I question my superbeing (God) that if he can't give me capital then he should give me ideas but realized I was very wrong. Discipline is the key, if you discipline yourself to save up for a business there is nothing that can stop you even your family responsibility can't stop you. I discovered that I have to build myself first before building a business. If you're build up for business then your business is built already.
Someone told me that I am the cause to everything I face, and yeah she was correct. We take responsibility when we are not supposed to take it yet. If you are not your parents why try to act like them. You play a role of a father when your supposed to be a child that's where you begin to get it all wrong because your savings will end up being spent and guess what? the same people you spent on with that money will still question you that what did you do with your money, when you fail. So don't responsibility for your siblings when you're not there parents.
I read a book titled" that which you are afraid of is where your success is" if you understand this title only I guess you will start being successful immediately. Just like you have business idea that you're afraid that it will fail or what will people say, that's what this book talks about just don't think of it just do it and you will find out that you're hitting what you want. For me my biggest fear is how to make post to rank up but after reading this book I just make post I do think of anything else.

To your question " why is it difficult for people to get capital easily? Just know that good things don't come easily if not everyone would have been rich.

Some businesses do not require capital. If you are one of the well-known people in the market and have dealings with many people, some will lend you money and you will pay the money later. This is a scenario used by many small and medium businesses and even activities that require huge capital such as real estate. You do not need a lot of money if you know what you are doing. .
Therefore, my advice to you is to start experimenting and learning about the financial market and divide your generated capital into two parts, one for learning and the other for risk.