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A must for foreigners! How can foreigners raise funds to run an izakaya in Japan?②
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Good afternoon, ladies and gentlemen!
Today we are continuing with the series on the following topics.
Please take a look at them.
How to raise funds?
What are the funding options for foreigners to run an izakaya in Japan
This section introduces the main ways of raising funds.
The main methods are as follows.
Financing from Japanese financial institutions
- Recruiting investors and partners
- Using crowdfunding
Let's take a closer look at each of these.
Financing from Japanese financial institutions
The first is financing from Japanese financial institutions. The most common way for foreigners to raise funds to open an izakaya in Japan is through loans from Japanese financial institutions.
Government-affiliated financial institutions such as the Japan Finance Corporation (JFC) are active in providing loans for opening a business, and even foreigners can obtain loans if they meet certain conditions.
However, in order to obtain a loan, a business plan must be submitted and proof of personal funds must be provided. In addition, a visa must be submitted.
In particular, the business plan must provide concrete information on income and expenditure projections and market analysis. In addition, as communication in Japanese is required, you should consider getting support.
Recruitment of investors and partners
The second is the recruitment of investors and partners. Another way for foreigners to raise funds in Japan is to find investors or Japanese partners.
Investors may provide funding if they are interested in the business and see potential for success.
Izakayas with unique concepts and different cultures may be particularly attractive to investors.
In addition, by working with a Japanese partner, you will receive support not only in terms of funding, but also in obtaining visas and understanding Japanese laws and regulations.
Risk diversification through joint investment is also a major advantage.
Use of crowdfunding
The third is the use of crowdfunding. Crowdfunding is a method of collecting small amounts of funds from many people via the internet.
In recent years, it has attracted attention as an effective way for foreigners to raise funds. Crowdfunding can be used to introduce the concept and menu of a pub in advance and raise funds from sympathetic supporters.
To be successful, it is important to have an attractive presentation of the project and returns (perks) for supporters.
In addition, by utilising crowdfunding platforms in Japan and abroad, you will be able to raise funds from a wide range of audiences.
By utilising these methods, you can efficiently raise funds for foreigners to open an izakaya in Japan.
Cooking utensils and tableware for use in izakaya
Cooking utensils for use in izakaya and recommended tableware available at Tempos!
TB Frameless blackboard 45 x 75 black
Other signboards here
TB Focus 6.5 shallow bowl, Asagiri / 10-piece
Other tableware for izakaya here
Summary
This time, a must for foreigners! We have introduced how foreigners can raise funds to run an izakaya in Japan.
The main financing options available to foreigners in Japan include loans from Japanese financial institutions and recruiting investors and partners.
If you are desperately short of funds to open a business, make use of these to manage your izakaya. Be sure to repay the loan when you borrow it.
What did you think?
We hope this has been helpful for many foreigners starting a new business.
We will start a new topic next time, so please look forward to it.
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