When Khien Nguyen wanted $one hundred eighty,000 to open his 13th nail salon near Philadelphia in November, he didn’t go to a bank. Mr. Nguyen’s credit score score had dropped through the recession, so he figured a bank would put him by way of weeks of aggravation, then reject him.

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As of 2004, Nigeria has a excessive homicide rate: 17.7 homicides per every 100,000 folks. Mugging and piracy are endemic. An general enhance in crime towards foreigners specifically led the US State Division to contemplate the scenario in Nigeria as essential” in 2013. Individuals around the world can not even browse the Web without fear of being scammed by Nigerians trying to earn cash in a single day.

Business plans sell traders. Really, they don’t—a well-written and convincing marketing strategy (and pitch ) can sell investors on your small business concept, however you’re additionally going to have convince those traders that you are worth investing in. In the case of investment, it is as much about whether you’re the fitting person to run your small business as it’s about the viability of your corporation idea.

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