Post
Topic
Board Economics
Re: How is the capital found?
by
Xenophoto
on 04/02/2017, 13:38:32 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?
I will not advice you to borrow for investment from beginning. If you have maybe $100 you can start leverage trading. With a hundred dollars you can leverage up $19900 from fxopen or semplefx. Though leverage trading is like two eng swords you can still succeeded if you developed your skills and knowledge on how it works. Another options is through credit card.

What's the difference of using a credit card and borrowing from the banks? Nothing at all. Both of them put you in debt. I think asking banks for a loan would even be a much better choice because they review your business plan and they analyze first if it's going to be profitable or not and if you're going to be able to pay for the loan at the given time from that business.

It's only normal that you get a loan if you don't have the capital but have an idea for business. People do it all the time. On the contrary, people use loans for ridiculous stuffs like buying a new phone or a new laptop. That's not how you use loans since you should use it for something that will make you able to repay the bank.