How You Can Be an Entrepreneur With No Initial Cash
There are millions of people who can be classified today in the country as small business owners. If you ask them many of them would answer that they like being their own boss which is why they got into business. Because their business is theirs they are the ones who are able to decide on everything that concerns it. 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. It is common knowledge that when you start a business you often need a lot of money to begin with but you can still start one even if you have no cash in hand. Below are some suggestions that you can take on how to start one with no money.
Choose a Business Idea That Has No or Little Start-up Cost
There are many business ideas there that you can take and act upon that do not require any money to begin with. You will find some of these business ideas below.
*Door to door car washing
Ask for Start-Up Capital From Family and Friends
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. Now this idea is not for everyone. 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. Now in order for you not to mar your relationship with them you have to show them that it was worth it to give you investment money for your business idea.
3. Look For Commercial Loans
Now if you dont like the idea of getting money from your loved ones then the option for you is to get commercial loans. 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
This is usually the choice of many people when it comes to commercial loans. If you want this option then you need to research about their interest rates to see which one is the most favorable for you.
Online Commercial Lenders
Among the things that one can do now online one of those is getting a loan. You can find these online companies that give out loans.
3. Peer to Peer Lending
Such loans are not from an institution but from the gathered money of everyday people.