That is right. You should always leave some money to fall back to incase of any problems in your business. Losses and emergencies that bankrupt businesses are so common.
Would you put all of your savings into starting a business?
- Thread starter Grant
- Start date
If you use your savings and you still have some sort of income stream, I do not think it is a bad idea, however, a lot of care should be taken especially in researching the market
I started my business with all the little savings I had at the time. I had taught in a school for two years to be able to serve that much. I didn't want anything to stop that business from coming to life, so I poured in everything I had saved.
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I can't use all of my savings in the starting business. This is because I wouldn't be so sure on the fate of the business that's why it's not even advisable to spend all of your savings at a go especially when you start a business.
I don't think I put all my savings when starting a business, I think it's risky, because if the business doesn't go correctly you could lose the business and all your capital, you have to have good risk management and use a part of the savings, and not all really.
I believe that whenever anyone would be interested in investing everything that they have in a particular business means that they already know that the business is something that is fruitful when it comes to generating profit. So, they are very certain that their investment is already secured.
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It is not really advisable to be putting all your savings money into a business, you need to at least leave quarter of the money for savings which will help in the future.
I wontwon't advise anybody to do that because it sounds that a really bad idea to me. Even if the businsee is very sure, you should not put all your savings into starting it
I will put all my savings into business because my aim is to allow my earnings to bring forth profit. It is never a bad idea to remain your savings when investing in business as far as you are investing in a business that will surely appreciate.
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Well putting all my savings into starting a new business, I will not put all such risk in that. It is better to put half of my savings and see how the business is moving first.
I think that if a business is generating profit continuously, then there is no reason to not to take small risks. However, the fact remains that people must avoid taking huge risks.
That is only workable when you have savings large enough to be divided into two. What would you do when the entire savings is not even sufficient to start the business. You have to manage your all and see how it goes.
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If it's not a business that's not sure, it's not going to be a wise decision for you to invest all of your money in it. This is all about playing it safe in order not to lose all your money should the business go south.
If you really don't save up much amount of money to the point that ,the amount you saved might not even be enough to start the business , then you can use all your fund for the business
I think that I may consider various factors before investing money in a business, especially when it comes to life savings. Things could go wrong when it comes to investing life savings.
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This is one of the reason why rushing into investment project is not advisable because you need to make sure that everything about that company that you want to invest your money checks out so that you don't go into wrong investment.
I think sometimes if you really want to become successful you need to take some level of risks. The risk you took actually paid off for you. but it is also important to have some spare money in case anything goes wrong.
Business is all about taking risks but it is also very advisable as a business owner to know the kind of risks that they are taking in their business so that if anything goes wrong, it doesn't result in complete shutdown of their business.
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Probably, that is what we call calculated risks. Taking calculated risks is very important and necessary because even if anything goes wrong it will not be a complete disaster.
I personally don't think it is okay to put all of your savings into a business. It is better to start with at most seventy percent of your savings so that whatever happens, you will have something to fall back on.
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