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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 ?

 

[Purity]

I get funds from the bank if its a huge amount of money, sometimes I borrow from my family and friends,also I sell my assets which I replace later or if I have multiple assets for example I two phones I can choose to part with one if I need quick money.

 

[Po1son]

I think taking a loan is the easiest way to get some funding for starting a business. In my country the government wants the small and medium (SME) industries sector to grow and is providing facilities for startup businesses.

 

[castbound castboundoski]

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.

Yeah but sometimes in your business you got to risk with an investment or something .. and if you don't have the money for it you have to take a loan in order to invest and maybe profit later. When you are starting the business then yea its better if you do it with your own savings .

 

[anorona]

Yeah but sometimes in your business you got to risk with an investment or something .. and if you don't have the money for it you have to take a loan in order to invest and maybe profit later. When you are starting the business then yea its better if you do it with your own savings .

personally I really dont like loans. But i will consider that option maybe if I dont have enough money then i will go for loaaning.

 

[castbound castboundoski]

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.

Yeah its important that you do not spend all your savings . You shouldn't risk money that you can't afford to lose. There are always better ways of obtaining money such as maybe getting it from banks or other places .

 

[anorona]

Yeah its important that you do not spend all your savings . You shouldn't risk money that you can't afford to lose. There are always better ways of obtaining money such as maybe getting it from banks or other places .

I agree. If you start a business, do not put all your savings, you must leave something from it. Like an emergency money, in case something happens.

 

[castbound castboundoski]

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.

Actually fiverr is not a bad idea.The only problem would be the competition around you which is huge. You gonna have to compete with others and try to be unique so you get the gigs. It can definitely help you . Other than that banks can be a good option sometimes .. depending on the contract = )

 

[Abdul hanan]

Actually fiverr is not a bad idea.The only problem would be the competition around you which is huge. You gonna have to compete with others and try to be unique so you get the gigs. It can definitely help you . Other than that banks can be a good option sometimes .. depending on the contract = )

I have seen many freelancer buying reviews on their gigs. I think they do this to attract buyers and get some sales.
Because buyer mostly goes to those gigs which are reviewed 4 or 5 star.

 

[m_cel]

Where do you look for funds for your business ?

You can have bank loans though it's not easy to approve your loans. Before they approve your loans you should have a business proposal to present. If it's feasible they're going to consider your proposal. If you ask for a higher amount of loans they're going to ask for some collateral to prove that you will pay them in case your business failed.

 

[anorona]

I have seen many freelancer buying reviews on their gigs. I think they do this to attract buyers and get some sales.
Because buyer mostly goes to those gigs which are reviewed 4 or 5 star.

I agree. For beginners, it is hard to get clients, so this can help them to get reputation and rating. This way, they can have more clients to trust them for the project.

 

[overcast]

I think working online and then doing the business for the some cash. and then using that cash for the funding of business cna be one more task. you can automate pretty much a lot of spaces. and it can be good enough in that case. I'd say if you are into long term then work on small jobs.

 

[anorona]

Loaning on banks can never be enough for business. When you have business, you must also have the back up funds in case the business wont go well in the future.

 

[asumi]

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 borrow money from my parents and some friends and they have low interest! and i experience to loan too in a bank worth $ 2,000 for my food stall business ! and it should be pay for 1 year if its Exceed failed to pay in 1 year they will add an 10 percent interest rate ! but each banking policies are different in terms of borrowing a loan!

 

[anorona]

i borrow money from my parents and some friends and they have low interest! and i experience to loan too in a bank worth $ 2,000 for my food stall business ! and it should be pay for 1 year if its Exceed failed to pay in 1 year they will add an 10 percent interest rate ! but each banking policies are different in terms of borrowing a loan!

It is true, so you have to choose the best policies and lowest rate of interest, and long span of paying your loans. this way, you save little by little
tompay your loans.

 

[Emill]

I think it'd be easier if you kept some funds for beginning that business and not count on loans at all. that is simply because a small business without owning money sounds much better than a medium business with having debts to pay for a long period of time

 

[overcast]

I am looking for some of my own connections. and hoping that things would turn out good in that way. I am not sure how that would affect the business.but it seems like the business does take some time on that regard. it does take time on that.

 

[Medowriter]

Loaning on banks can never be enough for business. When you have business, you must also have the back up funds in case the business wont go well in the future.

Loan from can be sufficient for your business ,it just depend on how much you applied but the problem is the interest rate at which banks do give out loana

 

[anorona]

I think it'd be easier if you kept some funds for beginning that business and not count on loans at all. that is simply because a small business without owning money sounds much better than a medium business with having debts to pay for a long period of time

you're right. It could be much better if you can provide your business from your
savings. It should be planned years or months before you start your business.

 

[Emill]

you're right. It could be much better if you can provide your business from your
savings. It should be planned years or months before you start your business.

That's the secret of business in general, in my opinion. You should always make up your plans and do in advance what it takes to build it. Hurrying up just for the sake of it is the biggest mistake one can make

 

[Medowriter]

Planing before sourcing for funds for business is better so that when th fund is available execution will be the next thing