Sources of funding for businesses

[Sincerem]

If you are not interested in taking loans , you can join an online earning platform where you are paid for completing various tasks online and currently there are a lot of them available to you. Ranging from get paid to post sites like trendri, bizdustry and so on.

 

[Ononivami]

The sources of business funding is very important to take into consideration because you want to go go into business and you have a plan you should also look for ways to get capital for it.

 

[Shigobad2020]

If you are not interested in taking loans , you can join an online earning platform where you are paid for completing various tasks online and currently there are a lot of them available to you. Ranging from get paid to post sites like trendri, bizdustry and so on.

You are right, instead of resorting into loan taking , you can definitely do crowd funding or you can start working online , and keeps saving money up for the starting of your business.

 

[Sotherefore]

The best way is to get grants from the government or you work to raise the needed money to start up business , getting a loan is something I may not advise because in most cases it will come with risk.

 

[tyrim88]

For one that intends to start a business but doesn't want to take a loan would be limited with fewer options which include personal savings, grant or donations from family and friends.

That is it,the thing with new start ups is that most likely you might not get loans readily from most financial institutions,because they have not seen the records and financial flow of the organisation.

 

[Sincerem]

New start-up business should try as much as possible to start up a business most especially a new business with the capital they have raised. Even if you have to get a loan which may not be advised the loan shouldn't be more than 25% of your overall business capital.

 

[Good-Person]

Personal finance might be the optimal choice for many people when it comes to investing money in any kind of business. However, since personal finance is something that not all the people have, thus many people rely on many other ways of accumulating capital.

 

[Shigobad2020]

That will be the best way of getting giod amount of money for you business start up , but i am sure the government Grant only work fornthe well connected people in my country .

The best way is to get grants from the government or you work to raise the needed money to start up business , getting a loan is something I may not advise because in most cases it will come with risk.

 

[Sotherefore]

That will be the best way of getting giod amount of money for you business start up , but i am sure the government Grant only work fornthe well connected people in my country .

Yes it could have been the best if you are able to access Grant but now it is quite difficult for grants to be assessed. Do you really think there are still grant-giving organisation in our country ?

 

[Smiles20]

You can seek out investors who believe in your ideas and have the financial capabilities to back you up. Or you can enter into a partnership.

They are actually a lot of businesses that have got that money to this way and the good thing about it is that you can get a lot of money provided that your idea is a good one.

 

[Shigobad2020]

We have just three ways in which we can source for the funding of our business , the first one is through saving up our hard earned money , the second one is tnrough loan and the third one is through crowdfunding .

 

[nana kwasi]

Accomplish you mean beginning a business without taking out loans but lacking the necessary funds or capital to do so. I suppose your family and a few of your obedient pals can help with it. You will need to effectively pitch your business ideas to investors if not.

 

[nadiel sahmen]

Family friends, like-minded investors, siblings, and corporations with low or no interest rates are all possible sources of funding. To start a business, however, you as the owner must be deemed to be capable and financially stable. Avoid taking out loans or borrowing money in any way.

 

[Shigobad2020]

Family friends, like-minded investors, siblings, and corporations with low or no interest rates are all possible sources of funding. To start a business, however, you as the owner must be deemed to be capable and financially stable. Avoid taking out loans or borrowing money in any way.

These types of funding for business is called crowd funding , and at times people around you like friends and families can deny you help when you needed it the most so i prefer saving up for my business .

 

[Eli342]

Today, any firm can get money from a variety of sources. It depends on the company and how much money you want to raise. It could be a gift, a loan, an overdraft, or even profit that was reinvested

 

[Imran_Noori]

When starting a business for someone who doesn't want to take a loan, what other funding options are there??

I think this would be a wise choice if someone doesn't want to take loan because if their business fail then what will happen? Instead they can use their skills to make money and then start a business from their own money.

 

[Sincerem]

When thinking of establishing a business I think owners fund should always be the first point of concentration before all other alternative can be look into. It is wiser to try raising your own business capital before you even think of getting a loan.

 

[Ayojesu]

go for business grants or work at a job to raise funds, but do not get a loan to start a business, that is the worst mistake you can do, all the very best but in all you do, take full responsibilities for your actions

 

[Smiles20]

There are many sources of funding a business
Borrowing loan from the bank
Requesting for overdrafts
Borrowing from families and friens
Receiving grants from the government or corporate bodies
Savings
Shares and debentures

It is also important to note that different kind of businesses might have different kind of funding that is best for them. The most important thing is that you should know exactly what is good for you.

 

[Sincerem]

We have just three ways in which we can source for the funding of our business , the first one is through saving up our hard earned money , the second one is tnrough loan and the third one is through crowdfunding .

Crowdfunding for business is not all that possible anymore from what I have seen. people shouldn't rely on it.
The most important thing that should be done is just to raise money. There are a lot of agricultural business that can be established even with little capital and with that you can generate a lot of money to start up your own personal business.