In part four of ‘Garage to global’, Raising capital: Who, where, when & how, published online and in the May 2018 issue of NZBusiness Magazine, Datagate CEO Mark Loveys looks at the capital required to start a business and how different types of businesses and different approaches to growing those businesses require different amounts of capital.
The series, exclusive to NZBusiness Magazine, provides a succinct ‘how to’ guide for would-be entrepreneurs from a successful serial entrepreneur.
“Starting a business and growing it requires money – which is referred to as ‘capital’. Different types of businesses and different approaches to growing the business require different amounts of capital.
“The more capital you have at your disposal, the more ability you have to hire people, buy equipment, buy stock, advertise, rent offices, develop your product or service and pay for any other services or resources you may require. Generally speaking, you can grow your business faster if you have more capital.”
Related content | Part 1. Garage to global: ‘The Big Idea’
Related content | Part 2. ‘Garage to global: Taking those first critical steps’
Related content | Part 3. Garage to global: Nail it before you scale it