What is the best source of capital for businesses

[Sincerem]

You are the business owner , you every possible means to raise your on business capital but most importantly the most reliable way of having a business capital is personal funding.

 

[Danny4cash]

Using loan to start a business is not good. But there are some loan called interest free loan. It is usually given by government. They will give you date to return the money but you'll not pay interest on it. Also, you can save money together to start business. Its not necessary to do business. If you don't capital to start, then offer to work for people pending the time you been able to raise capital.

 

[Joseph555]

That should be personal finance loan or from a close associate which will be interest free, meanwhile,
you should be able to make interest-free loans to your family but profit sharing, according to the capital they have deposited. That sounds good right?

 

[Sotherefore]

That is vwhole issue boils down to the same thing,a new start-up is not really advisable to begin the process with loan,an already existing business can go for a loan,but not a new one.

That is what so many people always says. I could agree to a situations some older business can take a loans. Such is much more clearer than a situation in which you are just taking a loan without any future idea of how your business will be.

 

[Immilash1]

As a business individual you are expected to have a source of capitals, if you don't have a source of capital you'll definitely suffer because is not all of the time we make profits.

 

[Imran_Noori]

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?

You should work and raise money to start a business, I also don't recommend loan because if your business fail then what would you do? By raising some capital you can start a small business.

 

[Agbalagbaa]

Before you can start up business of any kind you are expected to have a source of capital, I think saving up will be a good idea to have enough, it will help you in hard times.

 

[tyrim88]

The best source of getting capital to start your own business is through self funding because loan at times might lead your business into trouble , and you can also do crowd funding .

Self funding is good if you have the capacity to fully fund the prospect you are going in for,else you have to look fo an alternative,and that could be getting from the banks or you look for a partner.

 

[Lynaia]

There are so many ways of getting capital to to fund or start your business, like getting fund from family and friends. It's not totally bad to get loan from bank but it's not advisable

 

[Good-Person]

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.

It is much better to save more and more more money and then try to start a business. You must use personal finance as it is the least risky option for many people.

 

[frederick_9]

They are correct; we don't begin a business with an interest-bearing loan, such as one from a bank or financial institution, because we have to pay interest each month. As a result, your business will struggle to grow. Instead, you should be able to give your family interest-free loans in exchange for profit sharing based on the capital they have invested.

 

[Alisco]

A business can be started with or without loans. For a someone to start a new business having full ideas in mind but have limited or no capital , collecting loan grant is best idea. Some people thinks that starting a business with loan is not good that simply tells that there business plans is not well organised and heading to bankruptcy

 

[Mohammed Rashid]

If you don't have the funds to launch a new business, you should apply for a loan from a bank where the interest rate is low. Loan interest has a significant impact on any business, so you should be mindful of it.
If you don't have the funds to launch a new business, you should apply for a loan from a bank where the interest rate is low. Loan interest has a significant impact on any business, so you should be mindful of it.

 

[nana kwasi1]

There is nothing wrong with obtaining bank loans; in fact, I encourage it, provided that the money is used for profitable ventures that can lead to further growth, such as those in agricultural and real estate.
Additionally, you can find sponsors from the public and private sectors if you don't want a loan.
There is nothing wrong with obtaining bank loans; in fact, I encourage it, provided that the money is used for profitable ventures that can lead to further growth, such as those in agricultural and real estate.
Additionally, you can find sponsors from the public and private sectors if you don't want a loan.

 

[Eli342]

Some of the top ways to raise capital are through angel investors, venture capitalists, government grants, and small business loans. There are other methods for financing such as credit cards or invoice financing, but these should be used only if you need cash quickly and know the risks involved.

 

[Ronald]

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?

Personal income is the best funding source, but it necessitates making certain sacrifices in order to accomplish some goals. By doing this, one can set up a business with nothing more than time and enough money.

 

[AruneBend]

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?

You need to save up money without money there is no business so save up a bit if you have skills try freelancing on platforms such as fiver etc depending on what business you want to create it can take time and effort

 

[Treborika]

As far as I am concerned I think the best source of capital for a business is personal savings, money granted by family, relatives, friends among other sources provided that you repay the money for one year and above without any interest or additional amount of money.

 

[Eli342]

The number 1 source and maybe the only in many cases are friends and family. They will have the strongest belief in you and ask you the least in return. Government grants may exist but so few ever receive them.
The next source after you are underway is angle money ( friendly ).
For a bank to have any interest at this point you would have to have a solid business plan, good management team, and sales growth. If this will not work the final step is venture capital ( like shark tank in real life ). 90% of the time you will regret going this path due to covenants, guarantees, and dilution of your ownership

 

[Shigobad20201]

Self funding is good if you have the capacity to fully fund the prospect you are going in for,else you have to look fo an alternative,and that could be getting from the banks or you look for a partner.

The main reason why you need a business plan also has to do with your business finances, If you have enough money , then you start with your money and If you don't , then you plan on how you can make neccesary loan arrangement that won't affect your business.