It’s the first money someone gives you even though your business has yet to prove itself.  Your business idea is the seed, and the funding is the water and nutrients you need to help start and grow the business.
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Kini Seed Funding?

Kini Seed Funding? 

First, it has nothing to do with sowing seed in church. 

Let’s say you have a fantastic business idea, like selling customized Nigerian fashion online, let’s call it Abike Brandz. You will need money to create a website and advertise the brand online to get customers. Website development will cost N350,000. Social media ads will cost N150,000 monthly for 4 months. The total you need to get started is over N950,000. 

That’s where seed funding comes in. It’s the first money someone gives you even though your business has yet to prove itself. 

Your business idea is the seed, and the funding is the water and nutrients you need to help start and grow the business. 

Here’s how it works:

1. The Idea: You have this amazing idea for your online fashion business. You believe it can be big, but you need money to get started.

2. Seed Investors: These are the people who believe in your idea and are willing to give you the money you need to get started. These might include your boy/girlfriend, family members, or investors who specialize in supporting early-stage businesses.

3. Investment: Seed investors give you the money you need to turn your idea into a reality, that’s the 950k. In return, they get a piece of your business. This could be in the form of shares or ownership stakes.

4. Getting Started: With the seed funding, you can start building your online store, buying inventory, and marketing your brand.

5. Growing Your Business: As your business grows, you might need more funding to expand further. 

Seed funding is just the beginning. If your business does well, you might attract more investors in later stages, like Series A, B, and so on.

So, seed funding is basically the first step in turning your business idea into a reality. It’s the initial support you need to get off the ground and start growing your business

Without it, your idea might never get the chance to blossom into a successful venture.

Shey you get it?

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