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Obtaining Investments and Financing
Finding money to
support your business doesn't have to be as hard as you think.
There are lots of different ways you can raise funds from using
your savings and financial help from family and friends, getting
suppliers give you credits and getting small business loans.
There are three basic ways you can get more money for your business.
Using personal savings to reinvest in the company
Suppliers can give you credit to buy supplies, inventory
and equipment
Assistance from Public or private lenders
Credit from suppliers can be used to buy materials and equipment
If you're just starting your business, you won't have profits
to reinvest in your business. You probably won't have much in
personal savings. It's also unlikely that you'll be able to get
funding from lenders and investors. That means you're very limited
in terms of resources: you'll get cash from anyone who will lend
it to you and supplies and equipment from vendors who want to
make a sale. There are several ways you can borrow money, perhaps
against your home, against insurance policies, from friends and
family, from credit cards and from Microlenders.
Vendors will do all they can to help you buy their products.
As a start-up, you may be able to get vendors agree and give
you 30-60 days to pay for your products or supplies. There are
many businesses that will lease you equipment for a monthly fee.
This is a great way for a small business owner to get needed
equipment without having to pay the total cost up front. This
shouldn't be a problem if you're looking for equipment that costs
less than $150,000.
Equipment for an Internet Cafe may be very different depending
on your required specification, but basically you will need computers
with network cards, computer desks, hub or switch for your network
and a good connection to the Internet.
For basic Internet and Office usage you will need at least
one Floppy Drive, CD-ROM Drive, Scanner and Black & White or
Colour Printer.
Gaming Cafe requires the latest type of computers' configurations,
very good graphic cards which can satisfy the needs of new games,
at least 17 inches monitors, although 19 inches is recommended, headphones
with microphones.
The price of these computers is much higher because they are
usually computers with the latest technology.
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