The best source of business capital

Magnus2022

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• Jan 1, 2023

• #21

I think is better to save your earning no matter how long it takes. Honestly, it is more preferable than to borrow. Sometimes, we use to be faster than our shadow and we landed ourselves in big mess. Borrowing is diastrous, no matter how low is the interest.

 

cherry123

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• Jan 1, 2023

• #22

Bisolami said:

The best source of business capital is for you to take out the money from your savings and that is why we need to have some money that we have saved

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Exactly with this you know you are not owing anyone and it is only savings.

 

hastral45

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• Jan 1, 2023

• #23

Yugocean said:

I will advise you to take loan, Don't worry, if you are serious, Banks won't give you without guarantee.

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Loans. It is unwise to start a business with a loan. You don't have 100% guaranty that that business would succeed because you haven't run it before.

 

nomad

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• Jan 1, 2023

• #24

Yugocean said:

Crowdfunding will also come from own money.

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I did not get it. When I referred to crowdfunding, I meant starting a campaign on a platform like kickstarter.

 

Imran Noori

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• Jan 2, 2023

• #25

Bisolami said:

Exactly and I always opposed taken a loan to start a business because it does not seem to be nice

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You are right instead they can save money or start a job to raise money.

 

uptrendfinancialsignal

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• Jan 26, 2023

• #26

The best source of business capital should be a capital that you've raised yourself or the one you obtain from crowdfunding platform.

 

eldavis

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• Mar 3, 2023

• #27

This days a lot of persons consider taking loan as the best option in getting capital for the business. Personally i do not like or buy the idea of taking loan, i believe it would be a lot easier to carry out side hustles and save for the business.

 

cherry123

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• Mar 3, 2023

• #28

This is where it is good to save money because the best source of business capital should be a capital that you've raised on your own or from family and friends

 

puroypoi

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• Mar 3, 2023

• #29

For me the best source of capital, is your own savings, for if you will use it, you know the value how you earned it and in that way, you will do everything to put it on good investment.