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. There are many who choose to do so because they see that there are more benefits to having ones own business than working a 9-5 job. 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 maybe you are dreaming of joining the ranks of the small business owners yourself but you think you cannot do it because you dont have cash to start with. 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. You can read further to find out what these things are.
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 see some examples below.
*Door to door car washing
2. Borrow Start-up Money From Family and Friends
Now another thing that you can do if your business idea requires money is to get an investor among your family and friends. 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. 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.
Find Commercial Loans
Now if you are uncomfortable about the idea of turning your family and friends into investors then you need to search for 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
There are many who choose to get commercial loans from these 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.
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.
Peer to Peer Lending
These are the loans that are garnered from the money of everyday people.