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The savings is the best for the capital because it is your own money. When there are investors like relatives and friends that can also create pressure when the operation has started.The best source of business capital is your personal savings or the grants that you get from your family and friends. You can also get grants from the government.
The best way to source out capital for your business is lending from your family relatives and friends. My sister planned to work in Australia and was helped from the pension of our father.Very true, that's why it is important to have business goals, when you do you'll start working towards achieving it by saving for your investment.
This will show other investors like even your friends and family how serious you are .
Yeah, I do agree with you. There are really cool ways to look up to in getting your funds for business startup, savings being the best out of it. Taking loans should come as a last resort anyway, and one must be prepared for itOne of the best sources of capital for business is; using your personal savings, borrowing money from close relatives, sourcing for grants or applying for loans with low or no interest rate attached.
I am of the opinion that the best source of business capital should be one's cash or savings. Applying for government grants is another alternative when sourcing for business capital.When starting a business, your first investor should be yourself-either with your own cash or with collateral on your asset. This proves to investor and bankers that you have a long term commitment to your project and that you are ready to take risks
As simple as that. If you don't have the resources to start a business it better to save and seek the help from family and friends. Most financial institutions don't give loans to startup they prefer to give to all ready established businesses because they are sure the loan and interest will be paid.When starting a business, your first investor should be yourself-either with your own cash or with collateral on your asset. This proves to investor and bankers that you have a long term commitment to your project and that you are ready to take risks
You're absolutely correct when you start your business from savings and support from friends and family it is far better and once you're grown can I take loan if necessary to boost your business.As simple as that. If you don't have the resources to start a business it better to save and seek the help from family and friends. Most financial institutions don't give loans to startup they prefer to give to all ready established businesses because they are sure the loan and interest will be paid.
I do have same inclination just as you. Although those who take loans do see it as their last option but it's still better to save up because the real problem is actually not succeeding in that very businessPersonally, I will always prefer raising my business capital to use and start my business by saving instead of getting a bank loan to set up a business that I'm not sure he's going to succeed or fail.
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