If You Are New Company Owner Seeking For Funds? Learn This From Didi-Omah Augustine Chinazaekpere

If someone who is new to owning a company, building a business venture. Or as a person who has not secured funds before and he is into a start-up. My words for that Executive, is that he should first open a product. Having the idea does not work again in our present world. I have an idea and I want to secure a given amount of money to fund it.

Sorry, Executive, it is totally wasting of your time and efforts. I am telling you from my experience and others' experiences. First, build the product. You can build the beta version or prototype — then you moved to apply for grants or write to any venture capital; that's how you will be able to get the funds you need.

When I was through with my secondary school education, sorry before writing my SSCE WAEC in 2018; I started info-serve business using Facebook page. It was like a mini-blog. After my SSCE WAEC, I moved into blogging, then I have a product — Doactalk is the product, even though I was not serious about blogging then. When I became professional with blogging in November 2020 after some months ago of stop writing at Opera News Hub in July 2020.

It was easy to approach any venture capital to seek for funding, but what stop the funding was that we were not registered under the CAC. What change the full story was in Proverbs 22 vs. 29; after I read(red) that passage again, after few failed business meetings to secure funds. I am not going to quote the scripture, but that scripture changes everything. I don't need man, I just need to focus on my product. When we rolled out advertising offer in 2021 — boom! The revenue starts rolling in like steady flow of a river.

The funding I was looking for, with the right knowledge, it was now in our account everyday and at nights. Sales was ours without stressing. Before seeking for funds, have a product first. Because a company is created for this only purpose: to manage and grow a product or service. That's why a company is built. So the product first, the company second, the funding possibly be the third. 

Executive, check top companies today both the global and local ones, they all started with a product or service, before investors pooled in money into these companies to make them more valuable and profitable in nature. Learn from them and you will see the transformation.

© Didi-Omah Augustine Chinazaekpere 

(Businessman, Industrialist, Investor, and a Christian)