Post
Topic
Board Economics
Re: How is the capital found?
by
anavuajna
on 28/01/2017, 14:39:22 UTC
How can someone who has no capital find the capital needed to start his own business?
Credit, Debt etc. What are alternative ways like?

There is no shortcut to success and you can't just start a business without capital. And you can't just ask a loan for having no source of income that will just put you in the deep of debt. I suggest that start from the beginning, try to find for a decent job and look for the company that will pay good compensation. And manage to save money while working their make saving as your priority. It will always be a happy feeling that you are the one who is going to manage your own money.
Thats true if you enter in a Business world you need small or big amount of money as your capital you cant start if you dont have a capital.Just like I said you can get capital by requesting loan in bank or in lending corporation but please be careful if you availing loan just take the best offer.

I understand that not all of us here can avail to request or ask the bank for loans as they need to be investigated by the credit team. And with op's status for sure he can't be approved for a loan, if he doesn't have a decent job because he is asking for a business which has no capital. Maybe being a real estate agent can be a good one.

I tried to get a loan from the bank for business. I had to prove the profitability of the future project. But the ban has decided not to my advantage. I was given a very small amount. I did not even take it. I do not have enough