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3 Ways To Raise Funds From Friends And Family

3 Ways To Raise Funds From Friends And Family

The SME Finance Hub Newsletter

Ted Iwere
December 17, 2024

Dear reader,

BLOG

3 Ways To Raise Funds From Friends And Family

You might be tempted to overlook family and friends as a primary source when raising funds for your small business. But if you look around, you’d be surprised by the sheer number of big businesses that raised their first funding round through family and friends.

In this article, we will share with you three proven strategies for tapping into the most valuable source of investment – your friends and family. With their support, you can turn your entrepreneurial dreams into reality.

MARKETING AND SALES

7 Steps To Craft An Effective Small Business Marketing Plan

Crafting an effective marketing plan is vital for any small business looking to drive success and growth. With the right strategy in place, businesses can effectively target their desired audience, build brand awareness, and increase sales.

In this article, we’ll outline the seven steps to help small businesses craft a powerful marketing plan that yields results.

PROCESSES AND SYSTEMS

4 Reasons Your Small Business Won’t Survive Without You

Many small businesses do not survive the death of their owners.

It’s an unfortunate truth that many small businesses suffer from.

There are countless stories of successful and highly profitable businesses that suddenly collapsed after the death of their owners/founders.

Or the many small business owners that cannot afford to take a break from their business, because it needs them to survive.

GROWTH STRATEGIES

The Success Of Your Business Depends On Its Experiments

You can have all the training, do all the reading, hold all the discussions. But making decision and acting on them is where the rubber meets the road.

While this may sound discouraging, just remember that business, like life, is an experiment.

You can only get better with the number of experiments that you make. Given this reality, the question is: How can you decrease the failure rate and increase the success rate of the experiments that you make in the course of running your business?