Watch: How to finance your small business

Watch: How to finance your small business

Ina Opperman

You cannot start and grow a business without money so it is important to know how you will be financing your small business.

Image: iStock

Financing your small business is the third step after you came up with a brilliant idea of what to sell and made sure that there is a market for your product or service. People who start their own businesses can often raise start-up capital but are also often unable to grow their businesses because they did not plan to fund it. It is therefore important to have a good financial plan to tide you over when the market slows down and as the market grows, produce more. There are various ways to fund your small business, including saving, borrowing from…

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