On this board I often see a lot of discussions related to investment and finance which tend to be large scale. However, to start investing we need capital. How do you find capital for investment?
Let's talk about small scale businesses that have low risks and promising profits so that we can have capital to invest and become passive income in the future.
Do you have a small business idea? or business experience? I want to hear it
There are a lot of ways whereby one can get capital in order to start up a business and they include;
*Loans from banks- don't know what country you're in and if this is favourable in your country but if your country is like mine with high inflation rate then I won't advise you to use this method.
*Savings - if you've been saving then you can use that for small scale businesses. If you haven't, then it's honestly not too late to start.
*Loans from family and friends- this is favorable for all as interest rates aren't as high as those in banks. It mat sometimes be given to you for no interest at all.
There are many others like loans from whales/ venture capitalists, selling of shares of the company, hire purchase, collecting money from potential customers in order to make the product etc.
My small business idea would be writing/analyzing data. Still working on it, the only experience I can say I have is writing here on the forum.