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
It's true my dear planning is good. Thank you for this. Keep up the good work.
Hi Rosylyne,
Thank you for dropping by!
Love,
Jackie
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
Dear Busayo!
Thank you for reading and enjoying my work. I hug you! :)
Love,
Jackie
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:)
Hi J,
It is my pleasure to write for an audience like you! :)
Love,
Jackie
Thanks! Have a great day!
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
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
Jackie, this is really great advice- especially "Remember that the one who endures, wins."
Beth
Hi Beth,
It is truly the best part for me too.
Thank you for reading and enjoying! :)
Love,
Jackie
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.
Hi Tarke,
Of course my dear!
Always go forward on, never step back. Never give up. :)
Love,
Jackie
Thank you for sharing another good piece. I will share this again with my sisters. Love.
Hi Sophie,
Thanks for sharing the piece. I am glad I can help.
Love,
Jackie
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
Hi Naheda,
Let me know how your project goes in terms of funding. There is always a few tricks we can use!
Love,
Jackie
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
Hi Jackie,
Nice one!
I like the way you outlined steps on "how to fund your initiative."
Well done.
Love,
Adanna
Hi Adanna,
Go for it girl. Try it out and get your funding! :)
Love,
Jackie
Thanks for this piece Jackie.
Really educative and challenging.
Hugs
Sarah
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
So true Jackie.
Thanks
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.
Hi Jacqui,
I am glad to help! :)
Love,
Jackie
Thanks a lot.Good message especially for me ask am currently starting up an organization:)
Hi Ngwa,
You are very welcome!
Go for it. Endure. :)
Love,
Jackie
This is very encouraging. Thank you so much.
Hi Sharon,
I am glad that you find it encouraging. I hug you dear! :)
Love,
Jackie
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!
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
Hi sister, thanks for sharing another nice one, it's true we most think big, plan befor action. Thanks for the noledge.
Hi Stephanie,
Go for it and never give up. Endure and succeed! :)
Love,
Jackie
Amen.
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
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.
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.
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
usefull - i can use it
Hi JACQUELINE PATINO!
Thank you very much for showing us the processes to follow.
Wonderful tips for anyone starting a business. Looking forward to reading more from you