Campaign Update

Step One to your own job: Dream big, plan bigger - Part II

Jacqueline Patiño
Posted August 7, 2018 from Bolivia

Have you written your objectives? Good. Now that you have decided what area you will work on, I need to remind you that you will need to look at your resources to make things happen. Your plan needs to begin by allocating resources to your objective. Every country has different laws regarding how you can begin a small business, so you will need to look through the local regulations that you have to comply with. Once you do that, begin to look for the resources needed to implement your new creation.

How to fund your initiative

The first step to get funding is to analize your current financial situation.

1. Decide how much funding you need. Remember that your funding will come from different sources, but a part of it (big or small) will come from your own finances. 

2. Look at your savings. Are they enough to fund yourself? Probably not. But you will need to have some of your own money to start working, so you can either sell some goods that you own, or begin saving more to accomplish the amount you decide you need to begin creating your own job.

3. Once you know how much you can allocate from your own funds, take a look at other funding sources. There is what we call "angel capital", which is given to you by people who love you, who believe in you and who are willing to invest in your initiave when you reach out to them. This is the most important group of people in your life. Make sure you present your initiative to them in the right time, at the right place, and with the right approach. Prepare a good speech. Make them see that you are a dependable person who will not let them down.

4. Other possible funds can come from banks, or financial institutions that fund small businesses. Do your homework. Look around, ask, improve your message until you feel acquainted with the answers you will give to bank officers in charge of accepting your credit. 

Always have in mind that there is very little funding for new initiatives, so the best way to go is to start with your own funding, as small as it may be, and when you have at least six months in the market, go to the bank and show them you are doing well enough to pay a debt.

Do not stop working on your project, ever.

Remember that the one who endures, wins.

 

Love,

 

Jackie

 

How many people have you impacted since your last update?

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Comments 41

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Rosylyne Nabaala
Aug 07, 2018
Aug 07, 2018

It's true my dear planning is good. Thank you for this. Keep up the good work. 

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Rosylyne,

Thank you for dropping by!

Love,

Jackie

Obisakin Busayo
Aug 08, 2018
Aug 08, 2018

Hello Jackie

Thank you so much for this wonderful piece! Good advice that can be useful to many of us in this community. Thank you for sharing

Love

Busayo 

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Dear Busayo!

Thank you for reading and enjoying my work. I hug you! :)

Love,

Jackie

jlanghus
Aug 08, 2018
Aug 08, 2018

Hi Jackie, Thanks for sharing your post on never giving up on your dream and your advice on how to approach funding for it.

Hope you're having a good day:)

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi J,

It is my pleasure to write for an audience like you! :) 

Love,

Jackie

jlanghus
Aug 14, 2018
Aug 14, 2018

Thanks! Have a great day!

Tamarack Verrall
Aug 08, 2018
Aug 08, 2018

Dear Jackie,

Thank you for this thought-enhancing piece. "Business" is an area I have not given enough thought to, and your good advice has me thinking of how to be more effective by paying attention to fundraising for my own expenses in travelling to speak and offer workshops about WorldPulse, and in my attempts to raise funds for the important work being done by WorldPulse sisters. Taking the steps you outline are a good start in a more effective direction!

In sisterhood,

Tam

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Tam,

I am so glad to be useful to you. It is a pleasure to write for people who  who go for it!

Love,

Jackie

Beth Lacey
Aug 08, 2018
Aug 08, 2018

Jackie, this is really great advice- especially "Remember that the one who endures, wins."

Beth

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Beth,

It is truly the best part for me too.

Thank you for reading and enjoying! :)

Love,

Jackie

Tarke Edith
Aug 08, 2018
Aug 08, 2018

Hi Jackie

thank you very much for your advice  in is true that you have to think beg and you shall grow rich but all begins with planning  we shall abide to it sister and grow together.

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Tarke,

Of course my dear! 

Always go forward on, never step back. Never give up. :)

Love,

Jackie

Sophie Ngassa
Aug 08, 2018
Aug 08, 2018

Thank you for sharing another good piece. I will share this again with my sisters.  Love.

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Sophie,

Thanks for sharing the piece. I am glad I can help.

Love,

Jackie

Naheda Shaikh
Aug 08, 2018
Aug 08, 2018

Hey Jackie,

Thank you very much for sharing this. Funding is the most important part of the work, yes, it is very useful.

Regards,

Naheda 

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Naheda,

Let me know how your project goes in terms of funding. There is always a few tricks we can use!

Love,

Jackie

Naheda Shaikh
Aug 23, 2018
Aug 23, 2018

Hi,

At present I am preparing a proposal one of the lake in Kashmir, and we will submit it to WWF, I am also searching other funding options, if there any. 

I can share my proposal if you dont mind, please share your email id. 

Thanking you,

Regards,

Naheda 

Adanna
Aug 09, 2018
Aug 09, 2018

Hi Jackie,

Nice one!

I like the way you outlined steps on "how to fund your initiative." 

Well done.

Love,

Adanna

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Adanna,

Go for it girl. Try it out and get your funding! :)

Love,

Jackie

sarah_2
Aug 09, 2018
Aug 09, 2018

Thanks for this piece Jackie.

Really educative and challenging.

Hugs

Sarah

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Sarah,

Go, go, go! Every day is a challenge when you are creating your own job, and you must have your ideas clear and never give up.

Love,

Jackie

sarah_2
Aug 14, 2018
Aug 14, 2018

So true Jackie.

Thanks

Jacqueline Namutaawe
Aug 10, 2018
Aug 10, 2018

Hey Jackie this is great insight into looking into funds. Thanks a bunch I have been informed. It has helped me work on my resource map.

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Jacqui,

I am glad to help! :)

Love,

Jackie

Ngwa Damaris
Aug 10, 2018
Aug 10, 2018

Thanks a lot.Good message especially for me ask am currently starting up an organization:)

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Ngwa,

You are very welcome!

Go for it. Endure. :)

Love,

Jackie

Sharon Makunura
Aug 11, 2018
Aug 11, 2018

This is very encouraging.  Thank you so much.

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Sharon,

I am glad that you find it encouraging. I hug you dear! :)

Love,

Jackie

SanPatagonia
Aug 12, 2018
Aug 12, 2018

Great one, Jacqueline! In Spanish: me encantó tu guía!!!

"Do not stop working on your project, ever." is a solid piece of advice, since sometimes micro-projects are dropped due to financial struggles.

Looking forward to reading more from you!

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hola Santa!

Que bueno que el artículo llegue justo ahí donde se necesita!

I hug you, and look forward to working with you to create your own job.

Love,

Jackie

Stephanie Mah
Aug 13, 2018
Aug 13, 2018

Hi sister, thanks for sharing another nice one, it's true we most think big, plan befor action. Thanks for the noledge.

Jacqueline Patiño
Aug 13, 2018
Aug 13, 2018

Hi Stephanie,

Go for it and never give up. Endure and succeed! :)

Love,

Jackie

Stephanie Mah
Aug 13, 2018
Aug 13, 2018

Amen.

kyla
Aug 17, 2018
Aug 17, 2018

Hi Jackie, 

Thank you for encouraging people to dream big and to keep working on their passion projects no matter what obstacles get in the way. From my own experience I'd also encourage people to enjoy the journey and to celebrate all the little wins along the way. Sometimes we can be so focused on our big goals that we don't see how much good there is in achieving the little ones.

Best wishes,

Kyla

Gladys Muthara
Aug 21, 2018
Aug 21, 2018

Amazing! Thank you so much Jacqueline for sharing these crucial steps. The info, in here, is very helpful. Blessings in all you do to make the world a beautiful place.

Princesse MUHINDO Malembero
Aug 23, 2018
Aug 23, 2018

Good job dear,

Much love, lets us try but there's a problem to start to many persons "the capital to start" ! Thanks to share with us yours history.

Damilola Fasoranti
Aug 30, 2018
Aug 30, 2018

I agree with your points, Jacqueline. Also to add to this, Google advanced search is a great resource to search for specific grantmaking organizations and support. This has helped me in my organization to access some financial support that we were never aware of. Regards

Marietta
Oct 10, 2018
Oct 10, 2018

usefull - i can use it

Mauwa Brigitte
Nov 28, 2018
Nov 28, 2018

Hi JACQUELINE PATINO!

Thank you very much for showing us the processes to follow.

uduakedet
Mar 07
Mar 07

Wonderful tips for anyone starting a business. Looking forward to reading more from you