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Trying to Raise Money Without Loaning

youdontknowmeyoudontknowme subscriber Posts: 6
edited October 2007 in Startup Funding
Hey how`re you guys?I`m a 19yr. old aspiring entrepreneur from the Philippines and I`m planning to start my business. I`ve got everything in place, all I`m lacking now is funding.I`ve been trying to find ways to raise money without loaning from anyone. I need about Php100,000 which roughly converts to about $20,000 for my primary business. So far what I`ve been trying to do is to set-up a smaller business, whose cost is small and within my current means, which I will use to pay for my bigger business.Is this advisable or not? And if you have alternatives in mind, I`d very much like to hear it.Thanks!
youdontknowme2006-11-4 8:16:54
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Comments

  • ObsidianLaunchObsidianLaunch subscriber Posts: 7
    Youdontknowme,
    You strategy is a smart one... plus by generating your own cash, you will have a discipline and respect for money.  I just encourage you to have your first "feeder" business be in a similar line of work to what your new "bigger" business is going to be.  Good luck with your LAUNCH!
    -Ifyoudontknowmebynow
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