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[Razor1911]

The first thing that a business starter should do is the market research. after the market research is complete, the next step is building a plan. And then comes the most important part is a capital raising. Capital management is the most crucial part.

But how to raise the capital for your business in an optimal way? There are many options available in the market. You can take it from any bank or any private institution. The optimal way to collect money for your business would be the best that suits your business type. If you want to take loan for longer time, you should go with banks where they provide low interest, which can be beneficial for longer period. Where as if you are taking loan for short term, you can approach private institutions where the documentation part is very smooth. Though they will take higher charges than banks.

 

[ektalakra]

Everyone will have a different view on this question, but in my opinion, taking a bank loan to a startup, or a business is not a great idea. everyone thinks they will repay the loan once they start making good profit from this business, but one cannot consider only the positive side while starting a business, if the business turns into failure it will cost you everything because when it comes to repayment of loan banks can be cruel.

 

[rush08]

Everyone will have a different view on this question, but in my opinion, taking a bank loan to a startup, or a business is not a great idea. everyone thinks they will repay the loan once they start making good profit from this business, but one cannot consider only the positive side while starting a business, if the business turns into failure it will cost you everything because when it comes to repayment of loan banks can be cruel.

I agree with you on this, taking a loan to start a new business is not the best options especially if the you started is strange and you don't have good knowledge about the business.
The possibility of the business not making progress is very high because you don't have better understanding of the business.
So taking loans from the bank or any other financial institutions, to repay such loans are difficult........

 

[Ridorz]

Both options of getting a loan to start a new business are not advisable due to the high interest involved, it is better to start a business with the savings money or you can sell out your property if you have to gather money. But if there are no other options for you than to take a loan, private institutions are better for me.

 

[Pousinha]

First of all, in my opinion and whenever possible, reunite money by selling our old stuff we don't use any more and/or to sell some of our stuff we don't strictly need. Second, if we have savings, we can use them to open a business (better if not the 100% of our savings, to tot lose both money and business in the possible case of a failure). I by far prefer to avoid loans as much as possible: what to do, if we can't repay the loan?

 

[rush08]

First of all, in my opinion and whenever possible, reunite money by selling our old stuff we don't use any more and/or to sell some of our stuff we don't strictly need. Second, if we have savings, we can use them to open a business (better if not the 100% of our savings, to tot lose both money and business in the possible case of a failure). I by far prefer to avoid loans as much as possible: what to do, if we can't repay the loan?

Some people do not know that we can actually raise the fund we need for a business by selling both old and new stuffs we hardly make use of any longer.
How can I be In of finance to fund my business when I have so much good assets that I can convert to real money and finance the business.
We could sell those clothes and add them to our personal savings and fund the business........

 

[a_jerobon]

Taking loan is one of the ways at which you could raise capital for your business but it is obviously a way that I do not like. Most especially if the business is very new. Tking up loan for such business could kill it. You could raise fund for a business from friends and families and you can also use a crowdfunding scheme to raise reasonable capital for a business.

That is very true. Raising capital to start a business is not easy. Sometimes, your only option could be taking a loan to start the business. But it is best to note that a loan should be taken after making good plans on how to use it. Once you have a plan, you can go ahead and start the business with the loan..

 

[rush08]

That is very true. Raising capital to start a business is not easy. Sometimes, your only option could be taking a loan to start the business. But it is best to note that a loan should be taken after making good plans on how to use it. Once you have a plan, you can go ahead and start the business with the loan..

Of course, if you have a good repayment plan for getting the loan there will be no problem. Before taking the loan you must be experienced in the line of business so that you can generate the resources that can enable you to repay back the loan.
Some people out of desperate borrow loan from the bank or any other financial institutions and find it difficult to pay back......

 

[a_jerobon]

Of course, if you have a good repayment plan for getting the loan there will be no problem. Before taking the loan you must be experienced in the line of business so that you can generate the resources that can enable you to repay back the loan.
Some people out of desperate borrow loan from the bank or any other financial institutions and find it difficult to pay back......

That is very right. You must first have the experience needed in order to take loan and start a business. A business that you are not so familiar with will only make you losses and so you won't have enough money to pay back the loan. It is best to never get pressured into taking loan unprepared.

 

[rush08]

There are several ways to raise funds for your business.
One of such is through taking loans from the bank or any other financial institutions.
But it has its own disadvantage because you have to provide some amount of collateral before you could be considered for the loan and most people that want this loans lack the necessary collateral....

 

[Ben Kempton]

I agree with you on this, taking a loan to start a new business is not the best options especially if the you started is strange and you don't have good knowledge about the business.
The possibility of the business not making progress is very high because you don't have better understanding of the business.
So taking loans from the bank or any other financial institutions, to repay such loans are difficult........

What are your thoughts about crowdfunding. Some people even rely on donations in order to run an organisation and if you are offering great service to people, then people may even consider donating money. I would personally avoid donations, but there are certainly many people who run blogs and they collect donation money from their visitors.

 

[rush08]

What are your thoughts about crowdfunding. Some people even rely on donations in order to run an organisation and if you are offering great service to people, then people may even consider donating money. I would personally avoid donations, but there are certainly many people who run blogs and they collect donation money from their visitors.

I have heard of crowdfunding and I know is when some group of people come together to raise funds for a certain project or business.
I have not been involved in such business and do not really know how it function.
But I know it will be a good way to raise funds for a business. And people should embrace this type of fund raising....
..

 

[Ben Kempton]

I have heard of crowdfunding and I know is when some group of people come together to raise funds for a certain project or business.
I have not been involved in such business and do not really know how it function.
But I know it will be a good way to raise funds for a business. And people should embrace this type of fund raising....
..

Crowdfunding is a great source of raising enough capital so that the venture could collect money for a specific purpose like conducting business operations and making a profit from those business activities. I have funded a few online projects and made some money by investing funds. Crowdfunding projects could involve investment in ICO token projects or cryptocurrency investments.

 

[rush08]

There are several other ways to finance a project, but the most popular ways of raising funds for your business include borrowing from your family members and friends.
If your family members are very supportive, they could raise money for you to start a new business. The advantage I have with this type of borrowing money is that there will be no much pressure on you to repay back the loan........

 

[a_jerobon]

There are several other ways to finance a project, but the most popular ways of raising funds for your business include borrowing from your family members and friends.
If your family members are very supportive, they could raise money for you to start a new business. The advantage I have with this type of borrowing money is that there will be no much pressure on you to repay back the loan........

Yes, your family members can be of great help to you by helping you raise the funds you need in order to start the business. Which is so safe for you because you don't have to pay them back like you would with a bank loan. As long as you make sure that your family does not take advantage of the funds they contributed by taking things from your business for free.

 

[rush08]

Yes, your family members can be of great help to you by helping you raise the funds you need in order to start the business. Which is so safe for you because you don't have to pay them back like you would with a bank loan. As long as you make sure that your family does not take advantage of the funds they contributed by taking things from your business for free.

That is a very good ideas if family members and friends can see a need to help their relatives establish their own business.
But there some family members who do not want to support their relatives make progress in life.
Such people should look elsewhere for the fund.
Maybe they can approach a financial bank with low Interest rate.....

 

[Skysaint]

I would say that the best way to go about this would be to save up to start your own business. Actually there are many ways one could use to get the capital to set up their proposed business but the best I can think of is to do that through your own pocket and in that way, you can start off running your business with a relaxed mind free from any form of external pressure.

 

[Skysaint]

There are several other ways to finance a project, but the most popular ways of raising funds for your business include borrowing from your family members and friends.
If your family members are very supportive, they could raise money for you to start a new business. The advantage I have with this type of borrowing money is that there will be no much pressure on you to repay back the loan........

You're actually right about that. That's one of the many ways one could get the needed capital to birth their business idea and it's really a good one if your family members and friends are actually supportive and would be patient enough to give you a reasonable period of time to payback the loan with a minimal interest attached.

 

[Player1]

There are so many ways to get money for your business startup, a lot of person's prefer going for loans, especially now that there are so many online platforms you can make use of in terms of borrowing, getting a loan has become a lot easier. Personally I do not think I would ever go for a loan, as I prefer saving up my capital to startup the business of my Choice.

 

[rush08]

You're actually right about that. That's one of the many ways one could get the needed capital to birth their business idea and it's really a good one if your family members and friends are actually supportive and would be patient enough to give you a reasonable period of time to payback the loan with a minimal interest attached.

I have tried this method and I think it is the best options for you to raise funds for your business.
Getting loans from the bank or any other financial institutions has its own limitations and disadvantage as the banks that lend you the money will not have patient to allow your business to stabilize before coming back for the loan repayment.
So it is not really good for the business........

 

[Ben Kempton]

There are several ways to raise funds for your business.
One of such is through taking loans from the bank or any other financial institutions.
But it has its own disadvantage because you have to provide some amount of collateral before you could be considered for the loan and most people that want this loans lack the necessary collateral....

I don't think that family or friends would necessarily fund your business. It all depends on how supportive the family is. Having said that, personal finance is the optimal choice for me when it comes to funding any kind of project. The issue is that when it comes to personal finance, the funding might be really limited because not all the people have enormous wealth to invest.