Besides government funding, what other ways can I finance my start-up with limited personal capital?
Apart from government funding, entrepreneurs often employ “bootstrapping,” which involves self-funding through personal savings (if any), diligently reducing personal expenses to reinvest in the business, and carefully managing cash flow. Other funding avenues include seeking small contributions through crowdfunding platforms, approaching angel investors who might be interested in your industry, or asking friends and family for initial investment. Building up a customer base and securing initial sales before a full launch can also generate essential early revenue. Exploring supplier credit agreements can also provide a form of short-term financing.