How much capital did it cost you to establish your own business?

[Filicit]

When I started a social activity programmes on campus it didn't cost much I only has to look for connections but now the business I wish to start is a lot of capital

 

[Makanjohn]

Their is no business on earth that is started free of charge. It must require a certain amount of capital to start it up. The capital start up fee depends on the calibre of business you wanna venture in. Some businesses require huge capital start up while some require lesser capital to start it up. My own offline gaming network cost me in the region of $1.5k to get it underway in a medium seize. With time I'll be expanding it bigger and it will cost me more than the previous capital start up.

How much did your own online or offline business cost you to start it up??

Every business needs a capital. Amount to start up a business depends mainly on the type of business you are about to establish. Huge capital is needed for a very big business. I established a small business of POS spot with just N150,000.

 

[Sincerem]

Every business needs a capital. Amount to start up a business depends mainly on the type of business you are about to establish. Huge capital is needed for a very big business. I established a small business of POS spot with just N150,000.

Yes, every business comes with their own respective capital expenditure. I am with you that a small POS business will cost in the region of #150,000 naira.

 

[Immilash]

when it comes to business capitals play more role on it ,you know you can't start up a business without having adequate preparation ,but I can say no matter how you prepare without having capital all you do is vanity ,you need enough of capital to Start up a business

 

[Ezekiel]

Well I think the capital is based on the type of business if the business is a small scale business then I don't think investing much capital in it is of any use,but if it is large scale business then large amount of money can be invested

 

[Shigobad20201]

Well I think the capital is based on the type of business if the business is a small scale business then I don't think investing much capital in it is of any use,but if it is large scale business then large amount of money can be invested

The money needed to start a business is called the capital and its not easy to start a business without the business capital and the amount of money you will spend depend on the type of business you are doing.

 

[Solutionav]

Their is no business on earth that is started free of charge. It must require a certain amount of capital to start it up. The capital start up fee depends on the calibre of business you wanna venture in. Some businesses require huge capital start up while some require lesser capital to start it up. My own offline gaming network cost me in the region of $1.5k to get it underway in a medium seize. With time I'll be expanding it bigger and it will cost me more than the previous capital start up.

How much did your own online or offline business cost you to start it up??

I know quite alright that starting up a business require capital but it depends the kind of business you venture into, right now I don't have any business for now

 

[Oliver4smile]

The business I am into now doesn't consume much money, all I spent roughly $250 to set it up on a small scale and I am doing fine with it's daily income, plus it gives me enough time to surf the internet.

 

[Filicit]

According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require.

Most times thus are just statistics and might not even be accurate seeing that it may differ for different geographical location.

 

[Mr Peter]

Their is no business on earth that is started free of charge. It must require a certain amount of capital to start it up. The capital start up fee depends on the calibre of business you wanna venture in. Some businesses require huge capital start up while some require lesser capital to start it up. My own offline gaming network cost me in the region of $1.5k to get it underway in a medium seize. With time I'll be expanding it bigger and it will cost me more than the previous capital start up.

How much did your own online or offline business cost you to start it up??

My last business cost a lot because after logistics I had to make preparation for land which is rent, and then ads cost a lot with the additional giveaways, I spent approximately 400 thousand naira

 

[Sincerem]

My last business cost a lot because after logistics I had to make preparation for land which is rent, and then ads cost a lot with the additional giveaways, I spent approximately 400 thousand naira

Hmm, that's a reasonable amount of money going on promotions, rent and other business expenditures. Which kind of business are you managing that cost you such amount?
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I know quite alright that starting up a business require capital but it depends the kind of business you venture into, right now I don't have any business for now

Capital is always required to set up your own business, if you don't have capital you can't own a business, you already know that. Simply save and have a business in your mind.

 

[Ralphjoe]

When I started my mini importation business, I spent a sum of the amount of 20k Naira and as low as the amount was, it was a nice start as I made triple my investment capital within the first three weeks.
This shows that business is all about passion and not how much you started with.

A friend of mine who is into clothes selling business actually told me that he started his business with about $2000 wayback in the year 2018. His story is a big inspiration to me and I feel that if he can do it with that kind of amount of money then I could do it also with even a lesser amount of money.

 

[mcjerry]

The first business that I ever did was selling internet data. I started the business with just $20 and I did well with the business. But what I was earning is too small so I had to quit the business

 

[Alexandoy]

The first business that I ever did was selling internet data. I started the business with just $20 and I did well with the business. But what I was earning is too small so I had to quit the business

But at least you have experienced the joy of earning a profit. I would agree that if the business has nowhere to go with the profitability then it is better to close it and move on to new horizons. Earning more is our objective as part of the progress of life. When progress stops then we have to think of other options.

 

[Richard92]

I haven't establish any business but I can still measure the amount of capital that I will need to start a business. This is because capital requirement for business is something that just depend on the scale of the business.

It cost me $1000 to establish my own business and ever since the business has been growing and I'm actually benefiting more from it.

 

[Setho]

I started my poultry farm around September last year and it cost me about 50,000 naira in order to set up everything from the housing to their vaccinations.

 

[Josan]

I started my business with a low capital of 40k, I actually started the biz without renting a shop. So I started advertising it on WhatsApp & Facebook until it gain grounds.

 

[Abigael]

I don't own any business currently but I am planning a small food business. I will be selling fries and potato crisps. From my calculation, this small business does not require much. I will just need $50 and I am good to go.

 

[Sincerem]

I don't own any business currently but I am planning a small food business. I will be selling fries and potato crisps. From my calculation, this small business does not require much. I will just need $50 and I am good to go.

I found out that the cost of living in your country is low compared to mine. For you to start the kind of business you stated here in my country you need to budget around $200 if you're operating in a semi urban area cos you'll rent a small shop for it.

 

[Ralphjoe]

Depending on type of business I want venture, going into business require huge of capital to start up business, like starting a supermarket business require huge capital to start it, to be a business man or woman you need enough capital start it.

Getting money to start up any business can be very difficult at this is why I would only see that one of the best way for you to source for money to start of the business is by going to the bank no matter how difficult it is it still remains the best way for you to get money to start up a business.