On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?
Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.
Do you have a small business idea? or business experience? I want to hear it
choosing a small scale business to venture into depends on the environment you are located and the needs you find in that environment that is not yet solved or that had been solved but by just a few individuals. Like in a locality where I visit most often, there major concern is that they don't have access to electricity and bore home and during the dry season, they struggle a lot getting water to running house hold stuff, if you are leaving in such environment you can think of digging a bore while and you just buy mini bus and some fetching bucket you can use in distributing the water to house hold hold and every months they will be required to pay you a certain amount. Depending on the capital you are able to raise fit your business, if you deliberately look out for problems that are unsolved in your society, you will find lit of them you can venture into