What is the best way to source for capital when starting a business?

[Johnson2468]

There are many ways to source for capital but my own best way is money from family and personal savings.
What's yours?

 

[relcap23]

There are many ways to source for capital but my own best way is money from family and personal savings.
What's yours?

Some government agencies here give financial assistance for starting a business, others in a form of outright grant without paying back and others in a form of zero interest rate payable on a long term basis.

 

[Desireu30b]

The best way to fund your start up is through personal funding. Save up and start your business. Don't get for loan.

 

[Johnson2468]

Some government agencies here give financial assistance for starting a business, others in a form of outright grant without paying back and others in a form of zero interest rate payable on a long term basis.

This is nice, it will really be helpful if one can get a zero interest money

 

[freelancermaria]

Your business could be funded in a variety of ways. It is preferable, though, if you already have access to the necessary finances on your own. Naturally, you need to keep this money apart from your savings and your emergency fund.

 

[Imran Noori]

There are many ways to source for capital but my own best way is money from family and personal savings.
What's yours?

There should be always savings because you will need it, whether for your rainy days or starting a business.

 

[eldavis]

People usually prefer going for loans, but personally i would rather do some side jobs to get the needed capital for my business startup.

 

[puroypoi]

I think the best source for starting a business would be your own savings.

 

[uptrendfinancialsignal]

There are different ways at which you can get different kinds of founds for your business but I would prefer you to raise funds for yourself or rather use the crowdfunding programs.

 

[Springtime]

The best source of funding is your own savings. If that's not sufficient, apply for government loan especially for small start-ups. The interest rate is low and the government can also connect you with a network of venture capitalists.

 

[cherry123]

You can source from banks or other financial institutions but The best source of funding is your own savings.

 

[LoukiaCharilaou]

There are many ways to source for capital but my own best way is money from family and personal savings.
What's yours?

The best source of funding is your personal savings. If I were in your place, I would not get a loan from the bank.

 

[cherry123]

That's right bank loans come with so interest and sometimes stress we need to avoid this at all Times

 

[Shavkat]

For me, the most secure and legit way of acquiring capital is from the banks. I am not into lending agencies. I heard so many negative feedback about them and we need to consider to think more than twice about this concern.

 

[cherry123]

Banks and financial institutions would have been the best place to get loans but their high interest rates now isn't good at all for businesses especially startups that would have needed it most

 

[Starmix]

The source of my business capital is trough my savings. I started savings from the first salary that I received from my work. It sounds no good to borrow money from someone or to loan in a bank.

 

[SHAHID987]

Personal savings remain the best for starting business as it boost the confidence level because we are doing this by our self and we don't need to return this money.

 

[Magnus2022]

The best way to source for money is through personal savings and from relatives. It is not advisable to borrow to kickstart a business. The only time that is advisable to borrow is when you have started the business and you can estimate your income.

 

[Bisolami]

The best way to source for money is through personal savings and from relatives. It is not advisable to borrow to kickstart a business. The only time that is advisable to borrow is when you have started the business and you can estimate your income.

I really do not like the idea of going to families to ask for money but the person should also have some savings so that he will be able to start the business with that first

 

[Niyi Briggs]

I always say that the best source of capital anyone can raise to start a business is the one raised by himself. It would sour the person to strive to manage the business well.