Can You Guess The Missing Step?

I'll give you a couple seconds to guess.

It’s Capital and it should appear between Plan and Action.

Since it's extremely difficult for anyone to start a business without it.

Considering that even basic costs need to be covered, such as having access to the internet.

So, if you are like me and have come to the realisation that you will need more capital, do consider either of the following ways to raise this:

Bootstrapping: Using your own personal savings or resources to start your business.

Grants: Looking for grants specific to your industry or project. Since government agencies, foundations, and organisations often provide grants to support socially impactful initiatives.

Crowdfunding: Raising funds from a large number of individuals who are interested in supporting your business.

Angel investors: Seeking investment from angel investors, who are high-net-worth individuals interested in supporting startups.

Venture capital: Approach venture capital firms that invest in early-stage or high-growth companies.

Lastly, while these are all viable options to consider, each option has its own set of advantages and disadvantages.

So, carefully consider which path best aligns with your business and go from there.

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