How to Start Your Own Business When You Have No Money
There are millions of small businesses that are now registered across the country. A lot of them choose this route because they like the freedom that comes to having ones own business. Having their own business means that they are the one calling the shots in their business. They dont need to submit to any boss which means they can do whatever they want to do in their business.
Now you maybe dreaming of leaving your desk job and being in full control too by putting up your own business. There are a lot of businesses that require one to fork out money for it to be started but dont let that fact dishearten you. Below you will find out a few things on how to go about it.
Choose a Business Idea That Has No or Little Start-up Cost
If you are willing to search hard for it you can a lot of example of businesses that dont require money or just a few money only. You will find some of these business ideas below.
*Online coaching
*Blogging
*Dog walking
*Bookkeeping
*Editing
*Cleaning
*Wholesailing real-estate
*Property Management
*Editing
*Door to door car washing
Get Investment Money From Friends and Family
Another thing that you can opt to do if you really believe in your business and you need money to get it rolling is to ask of it from your friends and family. Of course not everyone likes this idea. If your family and friends believe in your business idea as well and you have shown them a detailed plan on how you will make it successful then you may get money from them. But you have to use well the seed funding that they are willing to give to you so that your relationship with them will not turn sour.
Search For Commercial Loans
Now if you dont want to bother your friends or family for investment money then the next thing that you would have to do is to take out commercial loans for your business. Now when it comes to commercial loans there are actually different sources of it that you can apply from. In this article we will show you some sources of these commercial loans.
Banks and Credit Unions
If you look for it you would find that a lot of people apply for commercial loans from such institutions. If you are going this route then you need to know about the interest rates that they charge and make a comparison of them.
2. Online Commercial Lenders
Among the things that one can do now online one of those is getting a loan. There are companies online that give loans to people.
3. Peer to Peer Lending
These are the loans that are garnered from the money of everyday people.