01/02/2024
Capital is not emotional
Don't expect anybody to invest in your business or give you money to start a business because of how emotionally attached you are to the idea.
Don't expect any uncle to give you money for business simply because he is your uncle, or simply because you so much believe the idea will scale.
The idea is in your head not your investors head or uncle's head.
To him your idea is just as many ideas in the market that can either fail or succeed.
You need to logically prove your point, provide evidence to support your case.
Don't emotional use raising money for your business,
To prove your points, do the following.
1. Be the first investor in your business, if you so much believe in the idea, then you should be able to risk your money in it. Sell your your TV if you must to invest in it.
2. Show evidence, document your journey, people want to see what you have done so far before commiting their fund, including your uncles.
3. Register the business and get your Tax TIN number.
4. Have a business plan, if you don't have money to start small at least register the business and prepare a business plan. Let it be that you have made some contribution in the business.
Don't meet your uncle for business money empty handed, go with a business plan, organize yourself.
the year count #
