How did you finance your business?

[Starmix]

How did you finance your business? Did you finance it through a loan or savings? We all aspire to own a business and the reason behind it is obvious that is to earn more and save more for the future. The income from the business will also serve as capital someday for an investment. It is better to save first than borrow money or file a loan which is crucial for the debtor to pay. Start managing a small business and make it big someday through your initiative and hard work.

 

[eldavis]

One of the ways I was able to finance my business was through some of the online gigs I do.

 

[IB D]

Business is better financed with sources that one won't be under pressure to pay back.

 

[Starmix]

It is not advisable to borrow money or file a loan in the bank to have business capital. You can do it after writing a feasibility study so you will know how much to spend as capital.

 

[Stardom22]

Most businessmen are really using the loans to finance their businesses for that matter l can say

 

[Starmix]

It is crucial to start a business with a loan, there is no assurance that the company will survive. How the loan is paid, however, it is not all the time failure happens, you might be lucky.

 

[nomad]

I financed my first business by raising funds from friends and family, I financed my second business through a loan