How do you start a business without capital?
I have a few suggestions for you. Assuming:
a) you have a believable business plan
b) you have a compelling value proposition for your customers
c) you are credible in the eyes of your future customers (i.e. they will believe you can realize your business plan so long as you get the start up funding)
1. Try getting customers to finance your start up. Collect enough advance conditional sales orders to cover your start up costs, each one conditional until you have all the orders you need to fulfill your product/service promises. Your fall back position: get Letters of Intent to buy if and when your product/service is built (meeting specified performance criteria within a time frame).
2 Try getting your suppliers to finance your start up. They'll be more inclined if you have Conditional Sales Orders or Letters of Intent, as above.
3. Look again at your startup costs. Can you trim these? If you have no other options, trade equity in return for materials and services you need to get started.
4. Consulting Revenue. This is the way many start ups fund themselves while developing a product toward first release, and even after, until revenue from non-consulting sales are sufficient to carry all costs.
Not an exhaustive list, but perhaps there is a useful idea in this for you. I assume you've already approached friends and family, and can't personally fund or bank finance your start up.
Source: www.quora.com
Some of the farmers, according to the News Agency of Nigeria (NAN) are yet to commence planting due to lack of adequate rainfall.
Meteorologists had predicted that some northern parts of the country would experience delay in the arrival of rains this cropping season, while they were also advised not to rush to plant.
The farmers said the situation posed serious threat to food production in the region this year.
One of the farmers, Malam Baushe Talle, said: "Rain is a factor in plant growth, therefore, the greater the rainfall, the faster the seed grows and the higher the yield."
Another farmer, Malam Musa Abdu, stressed the need for government to provide farmers in the region with drought resistant seeds, to avert crop failure and ensure bumper harvest.
He said: "Farmers should also be educated on different farming techniques because of this kind of situation."
(Daily Independent)