How to raise capital for business

[Yugocean]

To start a business, you need capital, and you have to make a plan for rising it.
Some options are -
Loan from bank / financial institutions.
Taking credit from trusted friends/ relatives.
Saving money for capital.
What are your options?

 

[Edulady]

I actually never thought I would start my own business. But my earnings online made it possible. I worked really hard and I managed to save a few dollars here and there and two years later here I am having my own offline business

 

[cherry123]

i prefer people to start a business with their savings . Starting with a loan isn't an ideal options

 

[LoukiaCharilaou]

It would be better to use your own savings, if available, in order to start a business otherwise you could ask your parents to help you financially.

 

[cherry123]

It would be better to use your own savings, if available, in order to start a business otherwise you could ask your parents to help you financially.

That's it, starting a business with a loan can mar the business if not greatly managed

 

[Edulady]

It would be better to use your own savings, if available, in order to start a business otherwise you could ask your parents to help you financially.

I think boils down to your business potential. You the fincisl plan you have drafted for your business shows great potential with a loan as a start up then best you take that route. The business will be able to pay the loan back

 

[Shavkat]

You can only do this concern if you conduct a feasibility study.

 

[gammarays]

In a situation where you can't access a loan, it's better to start from scratch and save. You can also reinvest your earnings if you have a reliable earning method. It takes time but works.

 

[oldbuddy]

I would rather do it with free money I earned online, then there is virtually no risk.

 

[Yugocean]

I would rather do it with free money I earned online, then there is virtually no risk.

That also earned from your efforts, using your brain, mental hardwork.

 

[Reedex]

There are different avenues at which people raise capital for the business. Some people take loans and some would go to crowdfunding platforms too.

 

[cherry123]

There are different avenues at which people raise capital for the business. Some people take loans and some would go to crowdfunding platforms too.

Yes anyway you can that will not affect your business through high interest should be adopted to use.

 

[Magnus2022]

It is more preferable to save money and start your business. I don't encourage taking loans from banks or any loan company. It is better to start and know the level of success before taking loans to upgrade the business. Sometimes, after putting every aspect into consideration, business can still flop without any reason.

 

[Yugocean]

Business needs a good amount of investment, you cannot invest all your savings, first thing you need is to make a flow of capital, ie regular savings and extra earning.

 

[gammarays]

I have learnt something over time. It's better to start according to your capacity and build with time that waste time looking for a big amount of money.

 

[Johnson2468]

To start a business, you need capital, and you have to make a plan for rising it.
Some options are -
Loan from bank / financial institutions.
Taking credit from trusted friends/ relatives.
Saving money for capital.
What are your options?

I prefer saving money for capital

 

[uptrendfinancialsignal]

It is highly important to ensure that each and every businesses get the required capital and could be gotten from crowdfunding platforms

 

[eldavis]

You could also do extra side hustles, pick up other jobs then save up your earnings. Though this might take up some time but it would also give you the needed experience.

 

[uptrendfinancialsignal]

You could also do extra side hustles, pick up other jobs then save up your earnings. Though this might take up some time but it would also give you the needed experience.

You have a very valid point because the best way to raise funds for capital is doing it yourself.

 

[eldavis]

You have a very valid point because the best way to raise funds for capital is doing it yourself.

Exactly, and you would be killing two birds with one stone, cause while working for someone, you would be paid and also get experience.