Ideas on how I generate my business capital

I have completed my business plan in order to pursue my dream. My consultant asked me to propose five ideas on how to generate 1 million as a business capital. So below are my ideas on how I generate my business capital:

FIVE IDEAS ON HOW I GENERATE RM 1 MILLION AS A BUSINESS CAPITAL 

1. Make a business plan for my musical instrument business. The purpose of a business plan is to provide us with  guidance and to help convey the business ideas to investors or lenders. A business plan should provide specific and organized information about company and how we will repay the loan. I applied for a maximum RM500,000 fund which is called Graduate Entrepreneur Fund (TUS2). It is a special fund provided to encourage graduates to venture into business. It is a financing scheme for graduates to start up a business as well as expansion of existing business. 
2. Use personal savings. Personal savings are the most common source of funds for a new business.  This is because most lenders will not finance 100 % of our business, so my first source of capital will probably be a loan from myself. Most lenders require that a reasonable percentage of our own funds be invested in our business, as an indication that we will work hard to make the business a success.
3. Borrowing from friends and family. It is a good way for new businesses to get money. It is not uncommon for relatives to make low interest or no interest loans to family members. However, I risk alienating my family if the business falls on hard times and if I have trouble repaying the loan. So I must ensure that I have a written agreement regarding the amount borrowed, the interest rate and how and when the loan is to be repaid.
4. Angel investor. It is an individual (my father's friend) who invests in business during its start-up phase who is also a supporter in the early stages of a business. They typically never put more than 1 million into a project and generally like to make investment in business that work in industry they are personally familiar with. 
5. Business partner. An individual or company who has some degree of involvement with another entity's business dealings. I chose my brother to be my business partner because we have same interest and passion in music. 
   

I WANT TO OPEN UP MY OWN MUSICAL INSTRUMENT STORE!

(Image : Google courtesy)

Although there are a number of musical instrument stores in Malaysia, I have always dream of having my own musical instrument store. What differentiate my music store from others is that I will separate my store from my main competitors by giving extra attention to my customers and educating them about the products they need or desire before, during and after the sale. Besides that, I am going to offer my customers with creative programs to reward my customer loyalty thus providing them repair service for the item they have purchased. Moreover, I will also make a community events by giving a free lesson and do a competition.

There is one quote which I really love:

"Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world"

-Joel A. Barker