and you havn't got much funds, which is the best solution, work hard for several years raising the cash or getting a loan? x
*btw I'm talking about starting up a buisness*
2007-04-17 23:38:04 · 5 answers · asked by chris c 3 in Business & Finance ➔ Small Business
Where there is a will, there is a way. Most people are broke because they dont realise that they are broke. Job is good to have till better things come along. Never trust the job as secure. There is no such thing called security in the job as the employer can fire the employee any time with 5 minute notice. Starting a small business with no capital investment and setting a game plan to implement and work accordingly during the weekends and weekdays evenings without affecting the job schedule and working partime can create significant income. There is one such business in my knowledge called financial industry business. Helping people understand how money works will eventually lead you to make money. That is the reason, poor people are always poor and rich get richer.
I recently joined a great home based business. Its a Financial industry business. We work hard for money, But rarely we understand how to make money work for us. we make money, and we save in the bank. The bank give us 1 to 2 % interest and they utilize our money to invest and they make more than 12%. They know how to make money work for them. Because of the growing demand, people wanted to know what the bank does to make profit.
Financial industry business is a home based with no inventory business which enables you to earn some great money. Helping people understand how money works will eventually help you make money.
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2007-04-18 19:02:29 · answer #1 · answered by roma 3 · 0⤊ 0⤋
That will depend on your cash flow. You'll need to predict your income, then see what you can afford. If your endevor won't support a loan, then you'll have to save your cash. If it will, I say go ahead and borrow the cash. I would want to be into my own thing as soon as possible.
2007-04-18 08:38:22 · answer #2 · answered by doug02346 4 · 0⤊ 0⤋
i would write the buisness plan and then i would go and apply for the loan.
2007-04-18 07:21:21 · answer #3 · answered by Crush06 3 · 0⤊ 0⤋
Write a business plan, first.
2007-04-18 06:59:27 · answer #4 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋
I've started businesses with practically no money. Be creative.
2007-04-18 14:21:08 · answer #5 · answered by jdkilp 7 · 0⤊ 0⤋