How to raise business capital

OBENG DARKO www.youtube.com

Brief Summary

This video discusses various aspects of business funding, particularly focusing on the potential benefits and drawbacks of bank loans, capital management, and the importance of understanding financial systems. It emphasizes the need for entrepreneurs to approach business intentionally and with the right knowledge to ensure success in their ventures.

  • The discussion revolves around acquiring funding for business startups.
  • The pros and cons of bank loans are compared, highlighting the importance of understanding interest rates.
  • A successful mindset for managing capital and ensuring business longevity is explored.

Money Management and Funding

The video begins with the participants discussing the discipline required to succeed in business within their country. They highlight the challenges of securing funding, focusing on the necessity of understanding capital needs. The conversation includes laughter, which creates a relaxed atmosphere, but the seriousness of the topic remains at the forefront as they consider practical ways to acquire funding.

Advantages and Disadvantages of Bank Loans

The discussion shifts to the pros and cons of bank loans. Participants explain that while bank loans can provide necessary capital, high-interest rates can make repayments challenging for entrepreneurs. They note that many business owners feel pressured by their debt, and emphasize that the benefits might not outweigh the costs. They also discuss the common emotional stress linked to financial obligations, stressing the need for careful financial planning.

Understanding Interest and Money Management

Next, the conversation tackles the concept of working with others' money, where sharing capital and resources are mentioned as beneficial strategies. The importance of effective money management is highlighted, noting how understanding interest rates can inform good financial decisions. They stress that many entrepreneurs underestimate the complexities of financial management, suggesting that knowledge and experience are vital for success.

Entrepreneurial Mindset and Growth

The participants discuss the necessity of an intentional mindset concerning growth in business. They argue that growth is not spontaneous but requires deliberate planning and action. Discussions about success often come paired with the acknowledgment of struggles, emphasizing that enduring hardship is part of the journey. To drive growth, they stress the significance of having structured sales systems and being committed to learning continuously.

Seminar on Entrepreneurship

Towards the end of the video, information is provided about an entrepreneurship summit hosted in collaboration with local universities. The guests invite viewers to participate, highlighting that knowledge gained from such events could be applied in real-world scenarios. They underline the importance of being proactive about learning and applying this knowledge for business success.

Closing Remarks

The video concludes with lighthearted messages, including birthday greetings for various individuals, showcasing a community aspect within their entrepreneurial discussions. The participants reflect on the relationships built through their experiences, reinforcing the idea that networking and supporting each other can lead to greater success.

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Transcript

Full transcript of “How to raise business capital ”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 Presbyterian, [laughter] >> men's ministry, [laughter] >> putting all the systems in place. We are very disciplined. We want to succeed in our country. That's right. Now, >> so how do we get the money? >> How do you get the money?

0:47 per million million cities. The problem is [laughter] it's just So, so capital [music]

1:34 especially Mhm. [laughter] Okay. No. I mean look at your level and then start from there but really

2:30 Hey, like Mhm. Right. The same

3:20 Mhm. literally. Mhm. Wow. [laughter] Yes. Oh yeah.

4:15 How do you multiple it? this ide where this idea very communal people. Yeah. And we work with relationships.

5:03 Just not because it's so much institutionalized. What I say literally

5:52 construction opportunities. I mean, >> you think it's an excuse? >> Yeah. Yeah. Yeah. Yeah. many of us. Mhm. Ribbon. Ribbon.

6:53 So all these things you're going to learn from a very high level. It does not mean that you can sustain it. That's why I think it's very start >> for a lot of us especially if it's your first business. >> Okay. What process am I supposed to take to get that? [laughter] Okay.

7:40 50,000 100,000 every monthion. Yeah. But many times you have to understand.

8:29 Okay. Yeah. Yeah. pressure. How would they contain it? How they

9:15 manage it? >> That comes to my next question. Advantages and disadvantage of bank loan. Because >> yeah, >> this is what we are used to. The advantages loan disadvantages 10% a year [laughter] just about 1% or 2% a month 40% business most of the entrepreneurs

10:02 owners they said that the bank will help you to feel >> yeah that's it because it's too costly% the whole 30% 40% that's 20,000 or 100,000 based on the interest of which means

10:49 that Mhm. Mhm. That's right. money. Other people's money's [laughter]

11:34 Most interest. Mhm. 1% 2% 3% 10% 12% and business

12:27 10,000 the whole year 12,000 and 11,000 maybe 10,500. Yeah. They don't they complain a lot. forgetting. That's right.

13:26 >> [laughter] >> that your hardship is over. >> In this point, can we say your hardship is never over? >> I think if the interest is high, it's not over. It's actually more complicated now. >> Okay. >> Contractor [laughter] million 25% Oh,

14:15 what [laughter] something numbers interest. No,000 3,000 techn Yeah.

15:04 That's right. [laughter] Okay. business leading in the right path. Okay. a third of it, a fourth of it, a

15:50 fifth of it. >> Okay. >> It's not lose 20,000,000 learning process. The other thing is test. [laughter]

16:36 We have become successful. That's right. Yeah. Level level changes. >> [laughter] >> Yeah. What do you say? Mhm. Yeah. Maybe any direct effect on

17:51 Mhm. The next month especially You forget yourself. They will forget that we

18:40 first check become a different person >> because that's the training that they have. It's business. >> It's business. >> Yeah. Okay. Few messages Facebook know Edward say good morning Mr. The great legend, the brain master. Good morning legend, the great man ever. The man engineer is in the house. We are waiting for the moment. But that is it for the day. Since my childhood, I've always had this phrase, knowledge is power. I never understood that until I met.

19:25 Thank you for such changing transformation in my life and that is a few messages Facebook live. So thank you for joining us on that. >> All right. Yeah. [laughter] Connection to the gate. >> [laughter] >> Wow. It will be powerful. That's right.

20:22 Three different shops. And this misconception banks can market 30 40% because especially

21:20 I don't think >> [laughter] >> Because you're dealing with figures. Double think. Double think. There's no point trying to expand a business. You don't have control. million,000

22:07 you'll be you'll be sustained sustained aggressive reckless eventually but they will never pay because 10,000 all of a sudden 100,000 in reality it shouldn't have been >> it should be just about 15 or 20,000 papa >> [laughter]

22:57 >> Don't even say no to money anyways. >> Huh? >> Don't say no. >> The books, please. [laughter] Great books out there. Marriage and money. Marriage and money. [laughter] And then cash flow. My favorite. As a matter of fact,

23:48 Sure. >> So cash flow is very important. >> Yeah. >> Okay. And then I think we have the third one. Money >> laws are principles. I think one of these days will market they need you. Yeah, I'll champure it. No problem.

24:34 >> And the financial system. >> Yes. you know just to but I can testify to that no plan the

25:24 But my mom, that's one thing I've learned from her. >> Yeah. >> And it's been consistent up to now. This one doesn't even know where we live. 500 Dubai of 2 million

26:16 okay Facebook is saying money is numbers Please he should explain >> there's 1 million a month. You can break them down to the unit price of whatever services or product that you're offering. So it goes to show the interest is number [laughter] of money number. Ignorance [laughter] is what the numbers mean in the evil

27:04 spirits. The market women imply [laughter] when they make that statement. They need the right knowledge to deliver them from ignorance of the numbers into bracket evil spirits. [laughter] >> Yeah. >> We've got to the market at least conference market >> market. organiz they need it. Seriously, they need it because you have no idea. Exactly. Okay. >> They don't know. >> Wow. [laughter] Right.

27:59 So there's growth because growth is intentional. Okay. >> Growth is not a miracle. There's nothing like miraculous growain.

28:52 Mhm.% which is 4,000. That's right. You have to be intentional. >> That's it. So we are going to break that [laughter] because me explain I'm intentional. >> Yes, [laughter] you have to be intentional. So that

29:48 Mhm. Yeah. And then we have sales systems here. >> Yes. Yeah. Promises. [laughter] Okay. Facebook personal. I personally supplied a guy at Winnie Bagot for 5 years without knowing him personally. He sells and sends my money. He started with zero

30:33 capital. Fruitfulness pays faithfulness pays. The same thing. Yes. Religion is implying the process of Ghanaian. May the god protect Dr. Mr. Da. religion is part of what is implying Ghanaians mindset. Yeah. Pay

31:19 attention to nothing. Nothing nothing. record. That's right. Nothing. The way my heart can't take that because something might happen. [laughter] So something amazing.

32:04 What's next in and after school to Max TV Max TV school connect in collaboration with Methodist University Ghana SLC present an exciting entrepreneurship summit and a seminar for a student in the general public 17th September 17 a.m. sharp. So you join engineer Dr. O and Dr. Yua from the Methodist University Ghana for an inspiring section on opportunities, entrepreneurship and life after school. Book now. Don't miss it. So, how do we do the booking? >> Number Okay, then I'll look for the number.

32:50 So, if you're interested, you have to be interested. You really, really have to be. You have to be part get the knowledge then you apply it because I got the knowledge. [laughter] >> I like the fact to the universities. Yes. >> Mhm. You will be there. >> Oh, we have to my birth month. I have to >> Oh, your September September 29th. >> 15th. >> Oh, okay. [laughter] Just days. Maybe you put system. >> Yeah, we put it. We will chill too. [laughter]

33:39 And that's amazing. What would they get to learn that day? certificate. Mhm. Okay. Mhm. Yeah. Yeah. The same

34:35 lawyer but aside of Methodist University Ghana financial Max TV prosper prosper will also be there is a packed seminar. You just don't have to miss it. Just go and register.

35:27 is very easy. Yeah, >> that's nice. Me too. I'll organize my seminar with you very soon and we'll market and you will be there. I really want to do that for them. >> You say anointing service. [laughter] >> Oh my gosh. >> [laughter] [gasps] >> birthday wish. Happy birthday to Princess Jessica. Princess

36:16 may the years ahead of you be fruitful in Jesus name. >> Amen. The next one is Celestine sister happy birthday. And then we have Abby girl. Abig girl, today is your birthday. H happy birthday to the best uh greater greater sister. More more like my best friend on your special day. I wish you smiles and joy. May each moment of your life be filled with happiness. And may this birthday be just perfect for you, my wonderful sister. You are only one. You are only

37:01 one in this entire world. And I cannot find any uh any other greater great sister like you anywhere. Hey, it's true. Blessing. I have such a fun, smart, and caring sister like you. I have joyful

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