Question

Imagine that you are going to start a restaurant business at male', you have limited finance to start the business, explain various methods that you can use to find finance to start the business

Answer 1

When starting a restaurant business with limited finance in the Maldives, you can use personal savings, borrow money, seek angel investors, or approach venture capital firms for funding.

Step-by-step explanation:

When starting a restaurant business in the Maldives with limited finance, there are several methods you can use to find the necessary funding:

1. Personal Savings: You can use your own savings to finance the business.
2. Borrowing Money: You can borrow money, possibly using your home as collateral.
3. Angel Investors: There is a network of well-to-do individuals known as 'angel investors' who may be willing to invest their own money into your business in exchange for owning a portion of the firm.
4. Venture Capital Firms: These firms provide financial capital to businesses with high-growth potential, although they often require a stake in the company.

Consider exploring these options to secure the necessary financing for your restaurant business.