Can we run a business without borrowing?

[Shigobad20201]

We can definitely run and start a business without borrowing , if you dont have enough start up capital , you can continue saving or use crowd funding method to start your business.

 

[tyrim88]

Yes we can run any business we can think of without borrowing. Not all business must be started with the collection of loans you know. I will desist from borrowing money for any business

As a business owner especially when you are just starting the outfit,it is not good to start with borrowing,you should be able to understand the terrian and the market dynamics and your flow of income very well before you can go for a borrowed fund.

 

[Agbalagbaa]

Yes that's very much possible,you can make your business successful without borrowing any amount of money, but you can only do if you have a good experience.

 

[frederick_9]

So how are you going to launch a business if you don't have any cash?
The only option is to take out a loan, either from a bank or from friends and family.
The alternative is to find a partner who will provide the funding while you handle the business aspect. However, this still constitutes borrowing.

 

[Shigobad20201]

We can actually run a succesful business without borrowing if our plan do the business is executed very well and we decided to save the neccesary amount of money before starting the business.

 

[Immilash1]

Yes that's very much possible, me personally I don't like the ideas of borrowing money in other to start up my own business, that's not working out for me.

 

[Mohammed Rashid]

Starting and growing a business can be very daunting if you lack the necessary resources. This is especially when it comes to raising money to start a business. However, with adequate preparation and planning, you can get the funds you need without having to go for a loan.

 

[Setho]

You can absolutely run a business perfectly and be making profit with it without ever taken a loan but it is just that your choices are limited and you will have to go slow.

 

[nana kwasi1]

I don't see why not, except you have a capital somewhere. Although it is not advisable, if you believe the company can generate enough revenue to repay the loan, then you can go ahead.

 

[Mighty]

Well I strongly believe that If you have your own there not be any reason to borrow loan , you borrow when you have a enough money to start up your business so if you have your money you dont need that

 

[Shigobad20201]

I know you can run a succesful business without borrowing any money depending on how you plan your business , if you have enough money , you can start and you can also save if you dont have enough to start the business.

 

[Setho]

It is very much possible for you to run a successful business without having to borrow a single dollar provided that you are making good decisions and you have very good partners.

 

[Claraviolet]

Unless you have enough money for the initial setup, it's not possible to start a business without borrowing money from others or taking out a loan, from a bank. The same goes to getting a new property or something else which requires huge amount of money.

However, there are businesses that doesn't require all that much for initial setup. Let's take food business. If you were to opt for a food truck then it wouldn't cost all that much when compared to setting up a restaurant.

Still, you should have enough skills to get customers and only then you can make your business flourish. Or else it would be hard to see reasonable profit in the near future and expand your business.

 

[Shigobad20201]

It is very much possible for you to run a successful business without having to borrow a single dollar provided that you are making good decisions and you have very good partners.

If you have enough money to run your business on the normal ground , you dont really need need to have to borrow to start a business , you only go into loan if you don't have enough money .

 

[Connor909]

You can operate a business without taking out loans. Even though loans can be a useful source of funding for many businesses, there are a variety of other options to finance a company, including using personal savings, crowdfunding, or reinvesting profits in the company's expansion.

 

[Trey]

Businesses can be run without borrowing. Most especially, small businesses. Why would a small laundry shop borrow money? To buy soap? Businesses that borrow money use it to buy huge machines and inputs needed for production.

 

[Mayorla]

Yes you can run a business without borrowing. It is very possible. You can easily save money to start a business. You would start small with what your current savings can afford, then you can grow your business later.

 

[Immilash1]

Businesses can be run without borrowing. Most especially, small businesses. Why would a small laundry shop borrow money? To buy soap? Businesses that borrow money use it to buy huge machines and inputs needed for production.

That's true, an what I really like about them is you can start them up with a small amount of money, you don't need to have much before you can start up a small business.

 

[Trey]

That's true, an what I really like about them is you can start them up with a small amount of money, you don't need to have much before you can start up a small business.

Anyone that wants to start a basic business and tells me that he or she has no capital, I would just laugh. That is because I feel the person is not serious. Everything can be started with little capital at the basic level.

 

[Heatman]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

I will always explore the possibility of starting my business without having to borrow money to the best of my knowledge because I don't usually like to deal with the pressure of having to pay back a loan or money that I borrowed from any financial institution for the running of my business.