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[castbound castboundoski]

Whenever your business needs money , regardless if u just started that particular business or not people have to look somewhere for help unless they personally saved something themselves.

Where do you look for funds for your business ?

 

[Tulip]

Banks are good enough to get fund as loan, though I don't like loans because its a high risk especially when bank will charge high interest, my plan for business is to save money and invest gradually, a little profit will be fine enough for me.

 

[castbound castboundoski]

Banks are good enough to get fund as loan, though I don't like loans because its a high risk especially when bank will charge high interest, my plan for business is to save money and invest gradually, a little profit will be fine enough for me.

I like the way you think. I personally would like to save myself and not ask for money from a bank.They do have big fees ( some of them ) and as people say... the house always wins but if I think that the business might really be profitable then I wouldn't mind to get a loan from a bank

 

[Tulip]

I like the way you think. I personally would like to save myself and not ask for money from a bank.They do have big fees ( some of them ) and as people say... the house always wins but if I think that the business might really be profitable then I wouldn't mind to get a loan from a bank

Thanks for appreciating my suggestion. Its better to stay away from high paying interest loan. I never gonna have that kind of loan that's why i suggest.

 

[tusziget]

You can take loan from banks,but your ROI must be higher,to cover the interests,that you will pay for the loan.Some people proceed this to start a business,but I think the risk is high enough,because how can you be sure,that your business will be successful, and you can pay every month the loan and interests.

 

[ruby ann]

I did look for extra income to save money for my business, for example, my earnings with online surveys I have been saving my payment for months now for my new business plan. I am currently owning a small business and I want to add one more soon.

 

[castbound castboundoski]

Thanks for appreciating my suggestion. Its better to stay away from high paying interest loan. I never gonna have that kind of loan that's why i suggest.

No problem = ) I think getting loan is not the worst thing you can do. Sometimes its really required though if you don't have the finance and you really want to create a business.Its always a better option if you save your own money for it though.

 

[anorona]

I get fund for my business from my savings. I do not like getting loan from banks or borrow money from friends. I believe that if you are going to have your own business, you must have enough money to start.

 

[overcast]

I mostly try to earn everything myself. So this way I don't have to rely on others. You can see that business which aare some of the other options that may help. Loans are lot better in this case for earning consistent money. You just have to make sure that your source of money does not end up drying your savings. That's the thing about the business funds everyone needs to watch out from. That's what I have learned in due process.

 

[Abdul hanan]

I would take some loan from bank or try to sell some useless stuff I got or sell some skills i got on fiverr. Or I would some part time job to get some money for business.

 

[castbound castboundoski]

You can take loan from banks,but your ROI must be higher,to cover the interests,that you will pay for the loan.Some people proceed this to start a business,but I think the risk is high enough,because how can you be sure,that your business will be successful, and you can pay every month the loan and interests.

Exactly. I stated in the previous posts that only if you are really smart and know / make calculations that your business is gonna have a profit then you can go take a loan from a bank.. otherwise its just risky but its better than having nothing and not even trying to realize your passion.

 

[Lovely]

I would take some loan from bank or try to sell some useless stuff I got or sell some skills i got on fiverr. Or I would some part time job to get some money for business.

Sure taking a loan is the sure bet or else ask relatives for support or you work for sometime either online or offline to make some cash to begin the business.The problem with loans is always the high interest

 

[Abdul hanan]

Sure taking a loan is the sure bet or else ask relatives for support or you work for sometime either online or offline to make some cash to begin the business.The problem with loans is always the high interest

We can earn passive online only if we do some professional work like fiverr all other methods are either time consuming or slow earning.

 

[castbound castboundoski]

I did look for extra income to save money for my business, for example, my earnings with online surveys I have been saving my payment for months now for my new business plan. I am currently owning a small business and I want to add one more soon.

Hopefully that investment is gonna be profitable later ! You're a good example of what some business owners should be doing in order to make the business work.Maybe that small business can grow to a big one later = )

 

[EFG6H7H]

It is often if there is not enough funds it is best to borrow first from the bank to start a business. And when making a profit in the business, then will pay the debt. When the business continues and grew, it can be the time to build a new small business.

 

[Awan Cheyanne]

If you own a business it all depends on what you do and where you work. Here many business owners work from their home. I added a nice office here and have a great place to work. When I need to expand I just take my profits from the work I do and put it in a separate account. I basically started my business with my knowledge of years of working with computers, networks, programming and a few other traits I have inquired over the years. I think if you are smart and don't spend all of your profits and waste your money you won't have issues with this.

 

[Medowriter]

Personally I rely more on personal savings to start a business so that my mind will be at rest and I will be able focus on the business with ease, bank profits are to high and not encouraging, alternatively if the proposed business is a big one, I will search for investors to invest their can for a Return Of profit at an agreed amount at a particular time.

 

[mildredtabitha]

Whenever your business needs money , regardless if u just started that particular business or not people have to look somewhere for help unless they personally saved something themselves.

Where do you look for funds for your business ?

I haven't opened a business yet but I would use my personal savings or earnings from my job as my capital.

Getting donations from friends and family and also borrowing loans are other ways of financing a business.

 

[jaymish]

The best thing, is not to owe anyone any money. My advise would be for you to get a 2nd job, in a mall or find some work online. You can also search for an investement that will appreciate in value over time and use that to start your business.

 

[remnant]

Taking a bank loan is a tedious process in my country if you are a start-up. Personally, I took a loan from a private proprietor who was lending cash against electronics and lost the item after I defaulted. I would look for a temporary unskilled job since they are easy to find and start saving. Thats where I am currently.