What is the best source of capital for businesses

[Trexxxy]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

 

[Elijahekom]

I think you have to do some little things to raise money for a higher capital for a big business

 

[Nurudeen]

Yes it's not advicable to start a business with loans, because loan repayment can wreck a business with it's interest rate. You can get capital from personal savings, money from family and friends or you apply for Grant from government

 

[Josemendez]

If you don't have personal savings to finance the business, you should consider partnership or saving up before starting the business

 

[Ehizzy1]

I think you can get capital from banks , relatives , and legit investment sites ,those are where you can get capital

 

[kharvest19]

loans are good but not best
i prefer raise capital from my own personal pocket

 

[Bookwormlux1]

There are ways to earn money online. You can decide to choose one and stick with it for a month or two then you use the money earned to start a business. It requires a lot of dedication though.

 

[Lyrrex]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

Of a truth, it's not advisable to start a business with a loaned money. It's better if you start a business with money sourced from your loved ones, friends and family members.

 

[Suba]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

They are right, we mean that we don't start a business with an interest-bearing loan, for example from a bank or financial loan because we have to pay interest every month, so your business will find it difficult to develop, you should be able to make interest-free loans to your family but profit sharing, according to the capital they have deposited. .

 

[WhiteHouse]

Nothing wrong with getting loans from banks, in fact I advise it, as long as you spend it on profitable business that can generate even more, businesses like real estate and agriculture.
And if you don't want loan, you can get sponsors from public and private sectors

 

[Trexxxy]

They are right, we mean that we don't start a business with an interest-bearing loan, for example from a bank or financial loan because we have to pay interest every month, so your business will find it difficult to develop, you should be able to make interest-free loans to your family but profit sharing, according to the capital they have deposited. .

What if the business generates more than the interest every month or even per annum

 

[Kamon c4]

The best source to raise capital for a business is getting loans or bank overdraft. Loan aren’t restricted to banks. There’re other means with which you can get loan. Probably from family or friends or cooperative society or banks and a lot more

 

[Bookwormlux1]

You must not necessarily take a loan to start your business. Get in touch with people from your circle, friends and family members who believe in you to support you with funds.

 

[Suba]

What if the business generates more than the interest every month or even per annum

The business is not yet running, just about to start, how do you know your profit is greater than the loan interest, with what method do you make sales forecasts and forecast income statements,
Just do it if you are confident.

 

[Golden_ear]

The best source of capital is personal savings and it involves sacrificing some things to get some things done. By so doing all it takes is time one will have get something tangible to start a business because I believe every business must start small as time was not build in a day

 

[greenie]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

maybe to the family? or a trusted friend closer to you? or you better work somewhere to raise some money.

 

[Bookwormlux1]

The best source of capital is personal savings and it involves sacrificing some things to get some things done. By so doing all it takes is time one will have get something tangible to start a business because I believe every business must start small as time was not build in a day

I agree with this. Once you are able to discipline yourself and make some savings, you are definitely going to be able to succeed in any business even with a low capital.

 

[Sammyesx]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

The reason why people advise against getting a loan is because getting a loan put an entrepreneur in a lot of pressure, and to grow a business takes time, so you might not even have made enough profit before the Tenure of the loan expires. If you are to get a loan then it should be preferably from family or friends.

 

[.V.]

In my opinion, I think a bank loan is the best source of capital. Although it has its disadvantages, you are guaranteed of as much money as you need to start your business unlike your savings or money from family.

 

[Shahid Abbas]

These days when you talk to people about opening a business, they are always quick to tell you that it isn't advisable to start business with a loan. Where else will you get capital to start?

If you do not have money to start new buisness, then you need to take a loan from a bank where you are given a loan with low interest because loan interest has a lot of effect on any business, so you should take care of it.