Can we run a business without borrowing?

[katkat]

If you have savings then why not start with what you got. If you can start with a little capital, then go foe it. It actually depends on what kind of business you will be doing. But borrowing or getting a loan is acceptable and have helped most businesses

 

[Neeta313]

As long as you have the funds, you wont need to borrow money to start the business. However, if you do not have, you can source for funds from family members, is only your family that can give you money without expecting it back.

 

[Sheun450]

Borrowing is part of business though it is not necessary for someone to borrow before starting a business but after starting a business and you which to expand borrowing is a good idea since your ad borrowing to add to you your business which will yield profit

 

[Abigael]

Yes, I believe that you can run a business without borrowing money. You can use your savings, income or sell something and get the capital. Then when the business is already set up and running well, it could be safe to take a loan to expand it. Alternatively, you can plough back your profits and use it to expand the business.

 

[Ezzyoj]

Running a business without borrowing actually depends on the amount of capital you started the business with, and the type of business you are doing. Borrowing is a part of business, it could also be taking loans to expand your business make more profit and pay back. Borrowing is not bad in business

 

[Gilead]

There are actually several forms or source of capital for your ones business and it's not necessary to borrow,in fact it's not advisable to borrow to start up business. You can always save up your capital.. or opt in for some grant opportunities

 

[Atif3786]

Even if you didn't start debt free, you can get there. First, develop a three- to five-year strategy to eliminate the debt by allocating a percentage of monthly profits to debt reduction. Second, while you get rid of the existing debt, create a game plan to pay for upcoming large purchases with cash.

 

[Bookwormlux1]

It is easy to start a business without taking a loan. What makes most people take loan is that they are not ready to start from a small beginning. If you are really contented, you would succeed without loan and expand the business as you start making profits.

 

[Sarfraz Ali123]

Startups often try to sell their services or products in a pre-sale. If your product or service is good enough, it can sell well on a pre-sale. You can also offer your customers a discount, encouraging them to buy your product or service. For example, you can offer a customer to provide a particular service at a discounted cost for a specific number of years if they buy it on a pre-sale.

 

[Ogbest]

If we have enough cash in hand or our reserve then why go borrowing. The concept of borrowing for businesses is to perform certain task they wish to do but do not have enough cash at hand to execute. Borrowing for businesses should be a wise investment.
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If we have enough cash in hand or our reserve then why go borrowing. The concept of borrowing for businesses is to perform certain task they wish to do but do not have enough cash at hand to execute. Borrowing for businesses should be a wise investment.

It's all amount having money and being able to save. You you have been continuously saving in the previous years, and you have enough money to establish your business, what then is the need of borrowing money? Just start up the business with your own savings, you will enjoy it more.

 

[Chibson]

It is 100% possible to start a business without borrowing. Sometimes, you have to start smile then what the business grows you can now invest big money in order to expand the business. like in Nigeria, there are government programs that helps small businesses, of course this can help you start a business with a borrowing.

 

[Greatguy1]

It's all amount having money and being able to save. You you have been continuously saving in the previous years, and you have enough money to establish your business, what then is the need of borrowing money? Just start up the business with your own savings, you will enjoy it more.

the point I'm trying to make is that sometimes the business will need to expand and the savings you have at hand will not be able to cover the cost of the expansion you have no choice than to resort to raising capital and some of the easiest means of raising capital is through the stock market if your company is big enough, selling his stake or getting a loan from the bank.

 

[Shayo]

It is possible to run a business smoothly and fine without taking loans. There are other ways to fund a business, the problem is most people do not want to start small, they despise days of little beginnings and it drives them into debts. Start small, start with the little you have, work hard, invest wisely and it will grow.

 

[Blessingedidiong]

You can run a business without borrowing. Your personal savings can be used to start up a business. You can ask your family members or friends for start up support. You could also do a monthly contribution. The latter is a better way of getting funds for your business.
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You can run a business without borrowing. Your personal savings can be used to start up a business. You can ask your family members or friends for start up support. You could also do a monthly contribution. The latter is a better way of getting funds for your business.

 

[Psalmsavatar]

Th

Yes, business can be start without borrowing you can work under some one to accumulate your capital and start your own business. Even is not available to start a business with loan. Though, you can later borrow money to boost your business.

 

[Tariq Nazir]

My advice is to have double of the estimated capital so that when the business has a surge then you have enough money to buy supplies or to provide the expansion. When you borrow money you will lose

 

[Caali]

Yes you can start business without borrowing, your business idea needs to be something that’s doable with what you already have. Flyers, business cards, branded pens etc. can be purchased for very little so that’s something that you shouldn’t have to borrow money for if you start off small.

 

[zahidhussain]

Yes we can start own businless without borrowing any loan if we can start small business with less money in early time we start the business with less money as the time pass we expand our business in wide range we should start every buisness with small money

 

[solomonmali]

It’s very possible to start a business without borrowing, it may b difficult but possible, especially in small business, the owner can decide to start buy using it savings and still pump back it’s profit into the business.

 

[Thosynho]

This right. You could start a business without borrowing from anyone even without having any savings but if you have rich friends and family members, they could set you up on that business you wish to start.