Welcome to Admin Junkies, Guest — join our community!
Register or log in to explore all our content and services for free on Admin Junkies.
HOW TO RAISE BUSINESS CAPITAL WITHOUT TAKING A LOAN
- Thread starter Lyrrex
- Start date
Another one thing that is very annoying from members on a forum are those who have multiple accounts and trying to cheat the system. If the forum isn't set up well, they will succeed.
We shouldn't clamor too much on failed business plan. Life is too much for that, we should remember their is more in the future than we think about at the meantime. Their is nothing wrong starting again to have a chance to succeed.
Raising business capiral without a loan is something that it dificult and takes time to do these days due to the high cost of living. Not that it is not attainable, but it requires a lot of discipline and sacrifices to overcome. They may also be some dynamism or flux in the market one kintends to invest in before he has enough to start the Biz.
There is a new friend of mine who invested in cryptocurrency and map it out for 3 years. He said the profits from the cryptocurrency would be enough to start his new business.
Good-Person
Captain Junkie
The only best way to raise capital without taking a loan is to save more and more money. You can do that by working online and earning a good amount of money and save money for the future. Unfortunately, there is no shortcut. You cannot really raise capital overnight. Right now even, I am also trying to earn money online and trying to save more money so that I may not need to ask for loans in the future.
If you're not taking out a loan, there are other options to get help. Some states and countries give out business grants, of course those will probably be mostly for already established businesses, but it doesn't hurt to check into it. As well, I would recommend using tools like Kickstarter, gofundme, etc. As well, you can raise funds by doing other things. Maybe sell some of your belongings and so on. There's a lot you can do to raise funds.
Exactly my point my very good friend, there is nothing wrong with failing and starting all over again as long as you don't give up. It's the only way you can keep going.
Spicywilfred
Legendary member
I agree with your post but in a case where you don't have property to sell or people to ask what will you do?. In such case I suggest that one could start by earning online or offline gather enough resources and start up the business. One can even continue working and run the business until comfortable enough to focus fully in the business.
Yes, that's the only way we can achieve success in business. If we don't fail at some point we can't learn how to rethink and drive to achieve success in our business.
A capital can be generated from different source. these source may include: personal saving, taking money from family and friends. To me, these are the best source of capital an individual can use to run his or her business.
If there are trusted family members or friends of yours that can assist you in any way with some of the amount of the capital required to start up your business, you can add all the amounts you got from all of them and raise something for your business I think
Their are people who takes a business which they know too well and have 80% chances of driving profit in its first six months to pay back the loan charges and make their own profit. It works out for them that way at times.
Of course there would always be an example for most things existing as we all have different ideas but to the best of my knowledge, loan might not be enough to successfully kickstart a business fully.
I agree with your thoughts. I've never been a fan of loan taking. I don't like taking loans for any settlement for bills or whatever. I just depend on my savings and income. I can't encourage anyone start a business through loan.
Personally, I don't really know how to be very comfortable with getting any kind of business loans from the banks because they are like leaches when you are in crisis.
Due to the tough conditions of most people, people might feel that it is better to get a loan use it to finance business and see how it works out in the subsequent months.
If one make use of the loan very well the loan can bring high profitability and enable the entrepreneur to pay back the loan on time.
Seriously, getting a loan for my business is not an option that I can ever consider at all because of how dangerous it would be for my business should it fail in the process.
Log in or register to unlock full forum benefits!
Log in or register to unlock full forum benefits!
Welcome to Admin Junkies