What is the minimum capital needed to start your business?

[Enxx]

Many people are interested to start one or two business but lack of capital has been what has been there problem. There are business that requires small capital while some big capital but which ever one we fall into a business still needs capital to start.
The business that I am interested is farming and I have done some research and I see that for me to start in a small scale, I will need more than $20,000. So what about you?

 

[IB D]

I am tired of hearing that lack of capital is the reason why one can't start a business. Why not take a job and save up your capital to start your business. Anyways, to start my own line of business, you would need NGN50,000.

 

[astutimeliana723]

30-50$ is enough for me to build a small business. From the existing capital, I will turn it around to make products according to orders that enter the marketplace. So, I don't stock a lot of products, just enough according to market demand.

 

[cherry123]

it is to start by doing some research on the business you want to start a business still needs capital to start to research and come up with an estimate.

 

[Shavkat]

Frankly speaking, I do like to have a business related to agriculture. However, I need more time to learn this. When I had my online shop, I did not spend money because the items are old and new from our storage area here.

 

[Heatman]

Many people are interested to start one or two business but lack of capital has been what has been there problem. There are business that requires small capital while some big capital but which ever one we fall into a business still needs capital to start.
The business that I am interested is farming and I have done some research and I see that for me to start in a small scale, I will need more than $20,000. So what about you?

I actually started my fish farming and poultry farming business with $2,000. If I had more money, I would have used it too. Now, my business is worth more than $10,000.

 

[Starmix]

The minimum capital if my milk tea business was 35, 000 pesos only. But I only earned almost four fold of that capital. I'm glad to have finally a milk tea selling business.

 

[Enxx]

I actually started my fish farming and poultry farming business with $2,000. If I had more money, I would have used it too. Now, my business is worth more than $10,000.

Wow that is a good one for you to have been able to turn your $2000 farming business into more than $10,000 business.
I also like fish and poultry business and I will start it when I have the money.

 

[Niyi Briggs]

I actually started my fish farming and poultry farming business with $2,000. If I had more money, I would have used it too. Now, my business is worth more than $10,000.

I think it is a little bit distant time that you started the business. That was why that amount was able to start it for you. It won't start the business at a standard level now because of the inflation.

 

[eldavis]

For me i was able to use most of the equipment i already had to set up my own business though, so i did not really spend much in the start-up.

 

[Niyi Briggs]

Every business has levels. The start up amount depends on the level you want to start the business. There is a basic level, intermediate level and an advanced level to every business.

 

[kirubel]

The minimum capital needed to start a business depend on the business you are starting and how big the business is, so in order to budget a fund for business you need to have some research and knowledge on the business then make some calculations on the profit needed then decide how much to invest.

 

[oldbuddy]

My best paying business right now was started for $1 USD and it was not just because I live in the United States. The same opportunity is available to anyone from anywhere that has $1 USD and is willing to put your shoulder to the wheel and push. That is just an old adage for get serious on day one and don't give up until you meet your own goal. I found a service I liked that paid a decent commission to affiliates and wrote a website for free, then I hosted it for $1 a month and took surveys, clicked ads, caught drips from faucets and even posted on Forum Coin for pennies. to make sure I had another dollar for as many months as it took and in fact I still do all of that today so I don't need to spend the dollars I make. I deposit them where they pay me Interest every day and let it grow. I don't maike a lot each day, but what I make is all mine and it grows every day without fail.

 

[Starmix]

I started my milk tea business with a capital of $1,450 USD. It was done through franchising which is why I spent that amount. But I already multiplied my profit. It's been a year now that I have this business.