Plans for funding your business

[eldavis]

When it comes to business funding, what plans do you make, do you make plans to fund it each month or do you go ahead to make plans on how to fund it for the whole year. I once heard someone said its better to prepare for the whole year rather than just a single month. What's your take on this.

 

[hastral45]

There are many ways you can use to raise fund for your business. It can be through personal savings, friends assistance, loans from banks etc

 

[Starmix]

For my milk tea business, I funded it through my savings. It's a 13 years savings.

 

[rubesh]

Itdependson the type of business you have and the amount of money you need. If you are starting a small business, you may be able to fund it yourself or with the help of friends and family. Other options include taking out a loan, using a credit card, seeking investors, and applying for grants.

 

[Hate2Wait]

We need to see what are our capital requirements and then we can plan to get it funded for a month or for few months or for longer.

 

[Enxx]

For my milk tea business, I funded it through my savings. It's a 13 years savings.

13 years is a long year but at least the good thing is that you were able to start a business with it.

 

[Hate2Wait]

I am not sure how much is that amount but then you said star mix that its a small scale business so did you invested big amount in that

 

[cherry123]

There are many ways you can use to raise fund for your business. It can be through personal savings, friends assistance, loans from banks etc

I will prefer friends assistant and savings but not loans. loans comes with heavy burden of interest.

 

[Enxx]

I will prefer friends assistant and savings but not loans. loans comes with heavy burden of interest.

Loans is not good for a small business that is just starting. But loan is one thing that most big companies takes to make them continue to grow.

 

[Shavkat]

I am trying to sell all the old and new stuff in my storage room. Once they were sold, I can fund my shop online and let it earn more than before.

 

[cherry123]

I'm trying to save money that will enable me start my business. I will be glad to start my cement business

 

[uptrendfinancialsignal]

There are different ways at which you can fund your business and it could be true crowdfunding or loans.

 

[Chibson]

I think funding it for the whole year is the best thing you can do. That will give you enough time to make our plans to run it effectively.

 

[Springtime]

I think business should have an annual budget which includes funding for the business. It can be through sales, loans or additional investments by investors.

 

[Suba]

What you mean is to raise capital first before running a business. There are several sources of capital both internal and external that you can apply, for example taking savings, selling assets such as cars or motorcycles, etc.

 

[Ebutech]

When it comes to business funding, what plans do you make, do you make plans to fund it each month or do you go ahead to make plans on how to fund it for the whole year. I once heard someone said its better to prepare for the whole year rather than just a single month. What's your take on this.

I think the monthly basis should be very good, because it allows you plan on bits and when you want to execute, you execute it in a very huge and massive manner, so for me o prefer planning on monthly basis.

 

[rubesh]

There are several potential options for funding your business, depending on your individual needs and goals. Some of the most common methods of funding include:

• Bank Loans

• Crowdfunding:

• Angel Investors

• Grants

• Venture Capital

• Personal Savings

 

[eldavis]

I think the monthly basis should be very good, because it allows you plan on bits and when you want to execute, you execute it in a very huge and massive manner, so for me o prefer planning on monthly basis.

You have a point there though. You can spend less when you plan bits by bits and this would even give you the opportunity to change plans if there is any need.

 

[hastral45]

I have lots of plans running through my mind on how to raise funds for the establishment of my businesses. Right now, I'm still thinking of the concrete plan I could have.

 

[nomad]

In my opinion, you should start your business small and use your own funds to start a business.