Sources of Funds for Self Employment

One of the major challenges of a self employed person is Money/Funds. Many people have business ideas, skills and attitude that can make them self employed but could not achieve this due to unavailability of cash of funds to start self employment . See Also , things you need to know about Self Employment But few people were able to get cash to start a business somehow and the method some of them use to get funds includes; 1. Family and Friends : One of the easiest sources of self employment is from families and friends. Family members and friends may contribute money/funds for a business especially if you are able to convince them about your business idea. Its easy to tell and seek funds from families and friends and you get the funds. 2. Personal Savings : Another source of money for self employment includes is through personal savings. You can do this by reducing your expense on consumer goods and you could also get money simply embarking on daily or monthly contribution