There’s no one-size-fits-all answer to this question, as the financial needs and wants of starting a business will vary depending on the business itself. However, one thing that is important is to think about what kind of financial support you need in order to get your business off the ground. Some things to consider might include:
1. Having a realistic budget – One of the most important things you can do before starting a business is to develop a realistic budget. This will help you determine how much money you need to invest in order to get your business up and running, and whether or not you have the resources available to do so.
2. Finding a financial sponsor who shares your goals – It’s important to find a financial sponsor who shares your goals for your business. They should be supportive and willing to help you achieve your vision, regardless of whether or not they make money from it.
3. Considering long-term options – When considering a financial sponsor, it’s important to be openminded about the long-term options available. This includes considering options like equity investment or loans that may have flexible terms and low interest rates.
If you’re looking for help starting a business that will benefit poor people, then please don’t hesitate to reach out! We’d be happy to discuss any of these options with you further.