Setting up a Venture Capital Business With Zero

The effect lasts for the ubiquitous global economic meltdown continues to take an extraordinary toll on the incredible social and economic life of people worldwide with the associated consequences of job loss and financial insecurity, while the only option left for any person Right Thought is to find another way to get a better means of subsistence, and this is not in any area other than business.

The creation of an enterprise as a means of survival is, today, is no longer child's play and this is why all the available street expectations must be required to make a significant step forward in the effort. You should not jettison the idea of ​​going just for the Herculean task of procurement of the loan from the bank, the personal savings or existing financial institutions, but must always apply the workable ideas and personal attributes. A good example is that of a youth center in Lagos, who started his life career as a banker and later a computer engineer exposure. Today, he earns thousands of dollars as additional income through his affiliation with a company that has Blue Chip Furniture consists of a single hand with a lump sum equal to zero.

It is a testimony of how a business idea can become a reality in spite of normal financial challenges of sourcing. Right from the start, was well aware that getting a loan from any bank or financial institution has never been a piece of cake because the first thing they ask is usually a guarantee prior to securing the loan must be repaid with a cut-throat interest. In some cases the cost is about 25 percent and if one does not have the appropriate customers to make good sales during the loan period, the pressure to repay the loan can be very disturbing.

Immediately the young man graduated from college in 1992, he was hired by a firm of auditors, where it is transferred to a computer company as an accountant. It 'was while in this company who got the idea that one might not need a huge capital to start a company that provides services and so in less than a year, had acquired all that he needed to know to set a private company of its Information Technology.

With a very strong conviction and determination to succeed, he started with a table and chair, converted one of its two rooms in an office. All he had in his possession is only a laptop. He started going from school to school to sell the idea to the owners of Information Technology. This is with a lump sum equal to zero and within three years, has become popular in the education environment. The first program of Information Technology has led to schools in 2005 has spanned more than 100 participants, while he used the profits to acquire more mobile, computer and other essential tools to improve his work.

Just six months of operation, its IT center has grown dramatically, and that afforded him the opportunity to obtain a separate building and also a number of vehicles. Now, the company has over 40 schools as clients some of whom pay a fee of 50 percent with the balance paid in full after the program. Some new customers may be unwilling to make the initial deposit, but once they see what was offered, they feel happy and paid immediately after the program. The most important factor is to build confidence in customers and everyone on the right track, this is an inevitable fact of business life-determining good deal .......