Q. As an intending entreneur how do I star up a business that will make me an investor/a business owner not just an employee.?
Categories: Business Planning and Starting Up, International Trade
Industry: Laundry/Dry Cleaner
Location: Nigeria
1 answer | 2 days ago
Muhammad S. Shuaibu
Kaduna, Nigeria
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Answers
Seth Burstein
Industry: Entertainment/Recreation/Events
Boston, United States
While I don't know the particular rules/laws in your country, the nice thing about starting your own business is that you get to make the rules. If you are able to fund your company yourself, then you are the owner of everything! This is good if you are profitable, but if not, of course you are the one that has to pay the bills.
If you bring on investors to help start your business, there are basically two types of ways they can fund the company. If you negotiate a loan (debt), you still maintain complete control of your company so long as you are able to make your loan payments on time. If you are not able to make the loan payments, on time and in full, then the person who made the loan to you may have a claim to your business. The other way to fund a business is through equity. This means that people give you a certain amount of money now to own a portion of the company.
In both cases, you will not just be an employee, you will be the owner!
Hope this helps.
1 day ago
