 Hey guys, so in this video I'm going to be speaking about how you can potentially go about raising funds for your business. Now everybody has a very nice business idea but the major challenge is, you know, being able to fund that business idea and I'm tired of people coming to me and asking me for funds to fund their business. Like there's only so many businesses I can fund so I decided to put together this video to basically educate you guys as to how you can go about raising funds for your business. You know, as a small-scale entrepreneur you can be looking for funds to invest in your trading. In this video I'm going to be speaking about and I'm going to be showing you guys four ways you can go about raising funds for your business. You only have to do one thing and which is stick around till the end of this video. Hey guys and welcome back to my YouTube channel. My name is Dapu Willis. Now I'm a serial entrepreneur who just loves to make money online. Now in this video I'm going to be speaking to you guys, you know, and telling you guys four ways you can go about raising money for your business. Now you can be a small-scale entrepreneur. You can be looking for, you know, massive amounts of capital to take your business at the next level. Or you can just simply be looking for funding for your trading account. Now a lot of my FX traders out there are looking for a lot of funding for their trading, you know, to basically help them, you know, take their hedge fund or take their fund management services to the next level. So in this video that's exactly what I'm going to be discussing now. Before I go into the nitty gritties of this video I want you to do me a little favor. I want you guys to go ahead and smash that subscribe button right down there and smash the like button so that I am encouraged. So that I keep on making these videos and so that I can keep on helping you guys take your businesses from point A to point B to point C to point D and the rest of that. Basically keep on helping you grow your business. Alright guys, so the first way you can go about raising cash for your business is basically approaching a group of people known as sharks. Now in the financial industry, the finance world, they can be classified as sharks but they're actually known as venture capitalists. Venture capitalists are kind of like the people you see on dragons then, if you watch dragons then. Those people are pretty certain you come across them. They sit on, they're probably four or five sat in front of a panel. They are the panel literally and then you go and present your business idea before them. So this is the first way you can go about raising money for your business. Now you have to remember that these guys that are sat on the panel are business people who have been doing business for a very long time. So they're very intelligent business people and they're very skilled and sophisticated investors. So you have to ensure that when you're going to approach these people, you have to have your A game intact. Literally you have to have your proposals or speak in span. You have to have your cash flow analysis ready because they're going to be asking you a lot of intelligent questions. You have to remember that these guys have been doing, that's the dragons, the sharks. I like to call them the sharks. The sharks, these guys have been doing business for years and now basically they're using their money. They're letting their money go out there and work for them to bring back them returns but they're not just going to release their money to anybody. You have to convince them that your business is viable and then your business is going to protect their capital and not only protect their capital but your business is going to yield them return on investment. Now you have to remember that sharks, you have to be very careful with sharks because from my own experience, if a shark wants to lend you money, be the sharks obviously are known as venture capitalists, they're known as dragons, people on dragons and stuff like that. If they want to lend you money, they are definitely, most certainly and most definitely going to request for equity in your company. Now I always advise people that if you're looking for sums of money below a million dollars, I don't think you should go to the sharks. If you're looking for funds above a million dollars, then you can go to sharks because, I mean if you're going to be risking, not basically risking but if you're going to be parting ways with a certain portion of your business, it needs to be worth something, it needs to be worth your while. So a million dollars, if you're looking for any way upwards of a million dollars then you can go to the shark but if you're looking for anything less than that, I suggest you listen to the next option and I'm going to be presenting to you guys. Now guys, the second way you can go about raising funds for your business is by approaching a group of people known as dolphins. Now in the finance world, dolphins can be classified as financial institution, the banks, the microfinance banks, the small scale loan houses and stuff like that, those are known as the dolphins. Now the dolphins, as you know, are not as aggressive as sharks but they can bite when they need to bite. Okay? And the thing about the banks is like same as the sharks, you also need to be prepared in terms of your cash flow analysis, your proposal, everything needs to be speak and span before you can go ahead and approach the dolphins for your funding and for you to be able to get money from them. And the thing about banks, banks are like this, they're so tight. Before they give you money, my days, I remember when I wanted to fund my very first logistics and transportation business, I approached a couple of bankers and they wouldn't give me any money. The thing about banks you also have to remember is banks only loan to people that do not need money. Banks only loan to people that already have money. It's crazy, right? It's a crazy world but this is because they need to cover their own assets. Banks will never loan to a first-time entrepreneur and this is where a lot of entrepreneurs get it wrong. They think they can just walk into the bank and then the bank is going to give them all this money or they have this really nice business proposal and then they just package it and then they're going to give it to the banks. The banks don't operate like that. The banks need to see some form of track record. They need to see that you've been doing perfectly fine by yourself. If you're going to go to the bank and show that your business has been running for a while and that you just need the bank to go from a setting point to another point, not from scratch. The bank will never give you money to start any business from scratch. You have to understand that the banks are in the business of interest. They make money from interest. They make money from the interest. They make money from interest that they give to you, capital that they give to you and then you pay them back. The interest from that capital given to you is how banks make their money. If you're unable to pay back that money, it is a loss to them and banks do not like to lose money. Just think about it from their own perspective. It's not that they hate you or anything. It's just the way the business world works. Guys, the second way to go about raising funds for your business is known as what? The dolphins. Dolphins are banks. If you want to go to the banks and show that your business has been running for some time and you just need that extra push, basically, I would go to a bank to fund my business if I needed to expand, not if I needed to start it off from scratch. All right, guys. That's pretty much dolphins for you. All right, guys. So the third way you can go about raising cash for your business is known as is basically approaching a group of people known as the fish. Now, the fish are in the business world. We like to classify them as the only people dumb enough to learn new business owners money to start their business. And the fish are known as or rather they are classified as people in your family or your very, very close, you know, pals and stuff like that. So fish are very close relative. These people do not, they're not going to lend you money logically. They're going to lend you money based on sentiment. I'll give you a typical example. So I'm pretty certain if I called up my grandma and said to my grandmother, hi, grandma, I need some money to start my business. Obviously, she's going to hesitate before she gives me money. But you know, if I just fly over to her house and just spend like two weeks there and just, you know, soak a little bit and just be sad and just tell her how much I love her, eventually she's going to call me over like, all right, dabs, come and tell me what you need this money for. I just explained to her a little bit, just, you know, tell her how much I love her. And then eventually she's going to lend me the $10,000. So guys, yeah, fish are people in your family. Fish are your close friends who do not invest in your business. Logically, they will invest based on sentiment and they do this just because they love you, you know. So if you want to go about raising some money for your business, your family and close friends are probably a good way to go about it. However, there's always a downside to that because you just imagine you borrow money from your family member and you're unable to pay back. Let's say you haven't really tested the business because they didn't ask you for a cash flow analysis. They didn't ask you to project nothing. They didn't really do their due diligence as to how you're going to pay this money back and then they give you the money. And because they didn't ask all these questions, you're going to mess up, you're going to fuck up the money and then, you know, you're unable to pay it back. What now happens is that you're going to head to jeopardize a relationship with a family member and trust me guys, the worst kind of relationships, rather the last kind of relationships you want to jeopardize is that of your family. So I encourage you not to borrow money from your family. Yes, I would not be borrowing money from my grandma because I just don't want a situation whereby I can afford to pay her back. Obviously not that I need the money for any investments or anything of that sort. However, I'm just saying in your own situation, don't go around asking family members, except you absolutely need it. Except you absolutely need it, okay? So the shop isn't going to give you money, the fish really isn't going to give you, especially if you're new. The people that are most likely going to give you money are the fish, people in your family, your mom, your dad, your grandma, just like in my case, you know, stuff like that. All right guys, now guys, the fourth way and which I think is the best way you should go about raising money for your business is known as your customers. Your customers, I feel is the best way to go about raising money for your business. Like personally, I don't like, I never took money from any bank. I mean, I remember I tried to take money from the bank, they wouldn't give me. I tried to take money from loan sharks, you know, but those guys, you know, it was definitely a noble area. So I couldn't get money from, you know, the dolphins, which are the banks, I couldn't get money from the sharks. Even the fish, I mean, they were willing to lend me money. I'm pretty certain if I called my grandma up at the time, I told her I needed an X, Y, Z amount of money. She would have probably wanted to give me the money. However, you know, I also personally wasn't really sure about the business at the time. So what did I do? I went and created products, online products, digital products. I started to sell my coaching services. I started to sell my digital marketing services. I started to sell courses and the money I made from all these products online, I now invested it in my trading and then I now use trading to grow my, you know, my capital and then I took money from trading and then I started to invest in my other businesses. So guys, what I'm trying to say here in essence is that the best way to go about raising funds is from your customers. If your product is good enough, if your product is tested, like let the customers be the judge because a shark can give you money, right? The banks can give you money. You go ahead and create this amazing, this product that in your head you think is amazing. You create the product and then you launch it out to the marketplace and guess what happened? People do not buy. The best way to test any business is putting it out there in the marketplace. The marketplace is always the best judge of your product and if your product is good enough, if your product is nice enough, if your product is appealing enough, people will buy the product and customers will pay you for that product or that service. So that's basically the best way to go about raising money for your business. I have a lot of friends who come to me and they want me to invest money in their businesses and I always tell them that hey guys, if your product is good enough, launch a few. Now guys, I have this strategy and I'm gonna round this up with this strategy, right? Even if you do not have it, let's say you want to build this amazing product. Like for some of the products that I have, what I like to do is I like to basically go ahead and launch an event, okay? And I raise funds during the event. Let's say the product is supposed to launch in June, right? I like to host an event in January, tell people about this amazing product, sell them on the idea, have them pay for the product that is not complete yet and then the money that they pay for this product, I then go ahead and use that money to develop the product. So guys, these are the four ways you can go about, raising funds for your business. So you use your customers to basically pay for the basics of your business, to pay for the basics of product creation and then you can go ahead and speak to the banks. You can then use, so get money from customers, build the business and then get money from the banks to expand. Never use banks to start up your business, only use banks, sharks and fishes to expand your business. Only use, sorry, customers are for product creation, customers are to basically get you started. After you get started, maybe your grandma or your mom or your dad can invest so that you can scale the business and then you can now obviously have a very viable business that has a track record and then you can now go up to the dolphins which are the banks and then the banks can even loan you more money. So typically a bank will typically loan you between 250 to one million US dollars and then once you've got into a stage where by, you know, you have an office running, you have products that basically products are being pushed out and clients are paying you for this product and now you can now approach the sharks who are gonna invest. Like guys, the venture capitalists do have a lot of money, they have so much money and trust me, once you've been able to get your business up to a certain extent the sharks will be definitely, definitely glad to invest in your business. Guys, I hope I've been able to educate you guys as to how you can go about raising funds for your business. Before you go anyway, I want you guys, if you haven't already subscribed, go ahead and smash the subscribe button and drop me a comment and tell me which of these, tell me which of these forms of raising cash you're gonna be looking into and if you have a nice business idea, just type it in the comment section below and then we can have a chat. All right guys, thank you so much for watching till the very end and I love you guys very much. All right guys, take it away. Let's go.