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Nairaland Forum / Nairaland / General / Investment / Sell His Car To Fund His Startup? (506 Views)
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Sell His Car To Fund His Startup? by Webster563: 1:37am On Dec 26, 2021 |
Guys, a friend of mine is contemplating selling his car to fund his startup. No one is willing to fund him and banks are not willing to help too. His car is currently his only asset and he's seeking advice to know if he should take the risk. He also said the car has been helpful as he drives it to meetings and other places. Is there an alternative? Or he should go ahead and sell it. Your advice is needed |
Re: Sell His Car To Fund His Startup? by osato45: 5:42am On Dec 26, 2021 |
Well he has to think the process through, one thing I know is a start up would need constant inflow of funds, if you sell the car and use proceeds from the sale to fund his startup, when next he needs funds where does he source it from? |
Re: Sell His Car To Fund His Startup? by Webster563: 6:59am On Dec 28, 2021 |
osato45:Thanks for your input. Is there an alternative for him to get funding? |
Re: Sell His Car To Fund His Startup? by osato45: 5:24pm On Jan 02, 2022 |
Webster563:he can look for opportunities that provide grants like this one https://www.nairaland.com/6919765/how-apply-2022-tony-elumelu Also go through google and this website regularly https://www.opportunitiesforafricans.com/ |
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