It is said proper planning prevents poor performance. Sipho needed to plan and determine all the resources required and expenses to be incurred (including consulting fees). This is called budgeting and will involve seeking quotes for machinery, pipes, consumables, specialised skills etc. All this will provide him with the total funding requirement and he should approach the relevant funding institution(s). Should Sipho not know which funding institution is relevant to approach he can use finfind which is an online platform which matches seekers of finance with the appropriate funders. What is positive about what Sipho has done is putting in his money in the business which most investors also look for as an indication of the level of his commitment to the business (This is often referred to as having skin in the game)
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