Business Ideation And Capital Raising

Business is key and it has been the backbone of most people today both in Kenya and the entire world at large.Most people depend on businesses for their daily survival.

Though most of them have businesses but yet they don't have enough skills and knowledge in the entrepreneurship field.

There are alot of businesses one can do e.g saloon,retail shop, boutique,kiosk, groceries,hotels ,car wash etc.

What's the exactly meaning of business ideation?

Business ideation is what is running in the mind of an entrepreneur over something when implement gives out profit.

Its the first stage each entrepreneur passes through. It is very essential for any entrepreneur.

In this stage one needs to be

  *Innovative

  *Investigative

   *Open minded person

One can get or acquire alot of  Business ideas in different fields such as:

      1.In the Local market

      2.Through experienced practitioners

      3.From the internet

      4.From friends and relatives

      5.Through personal studies

2).Capital rising

Its the second phase after business ideation.

It is here where one comes in with ways of getting the required capital for his/her actualization of the idea.

There are many sources of getting capital.

     1.Friends and relatives contributions

     2.Through loans

     3.Savings

     4.Saccos

     5.Micro finances

     6.From the government

     7.From a running business.

According to studies most entrepreneurs are discouraged using loans as an initial capital.

Loans are mostly meant to strengthen an existing business .