How to start a business without loan?

Bookwormlux

Well-known member
Whenever I see people talking about starting a business, a lot of them first think of taking a loan so as to be able to start because they do not have enough capital.
However, I do not think it is always the best option. Taking a loan involves more than one may be thinking. What are you going to do if the business fails to bring out the results you had expected?
These things are not properly put in place and so many people end up in a frustrating situation after their businesses failed and they are finding it hard to repay the loan.

The solution to this would be, try and start with the little capital at hand, then you can be expanding the business as you make profits. Most people may not agree with me because they want to make it at once. Not everyone is willing to have a little beginnings.
Another option would be getting people who would freely donate some money to help you start the business.

How do you think one can start a business without loan?
 

Jonaville

Well-known member
Personally, I don't fancy taking up a loan to start a business. It almost always leads to very hard times, because the early money you realized from the business will be channelled into paying off the debt. This means there won't be enough to cater for the business and oi personal expenses. And this usually leads to financial problems.
Taking up a loan to start a fresh can be overwhelming in the long run, suggest people try other alternatives like collecting incentives from well-meaning family and close friends. Source for capital from a temporary job, ask for some funds from your parents 😁, etc.
In any case, taking a loan to start up a new business should be your last option, that is if you want peace of mind.
 

Peppul

Well-known member
Personally its not advisable to start a business with a loan, best thing to do is start saving from the job you are doing for some period of time and after you have save enough you can start small and from there grow your business, the orher option is to ask family and friends for support, its not a easy task cause some will help while some won't but it's better of than taking a loan. The only option I can advice to take a loan is if you have a property you can mortgage out to take a loan then you are good to go.
 

Abigael

Well-known member
I also prefer to never start a business with a loan. It makes it so hard for the business to break even as the profits will be used to pay back the loan, and this may take a long time. So it is best to look for other sources of capital. One would be getting donations from family and friends. If they know you as a responsible person then they will surely donate. You can also start a business from your own savings. So this requires you to have planned ahead such that you save money from your sources of income with a purpose to start a business with it.
 

Seyesystem

Well-known member
Starting a business with loan is not always good I will prefer to raise fund from relatives or a family friend to start the business however if our I'm unable to raise the fund from the people mentioned above I will rather say one of my assets to raise capital for the new business that is how you can easily start a new business without taking loan.Getting loan to start a new business is common when you don't have enough capital but Sometimes it's difficult to repay loans especially when there is decrease in sales.There is nothing wrong to get a loan for a new business once you know that the business is viable. So many big business that you here there name globally started the business with loan. Once you carry out your market research and feasibility study of the business and you are very sure of the profit projection of the business you can get your loan and start the business. Business involves risk taken I hope you still remember the higher the risk the higher the return. If you are very sure that the business is viable I will advise you to get the loan for the business
 

Unique23

Member
Whenever I see people talking about starting a business, a lot of them first think of taking a loan so as to be able to start because they do not have enough capital.
However, I do not think it is always the best option. Taking a loan involves more than one may be thinking. What are you going to do if the business fails to bring out the results you had expected?
These things are not properly put in place and so many people end up in a frustrating situation after their businesses failed and they are finding it hard to repay the loan.

The solution to this would be, try and start with the little capital at hand, then you can be expanding the business as you make profits. Most people may not agree with me because they want to make it at once. Not everyone is willing to have a little beginnings.
Another option would be getting people who would freely donate some money to help you start the business.

How do you think one can start a business without loan?
I think never ever start your business with loan . Firstly you earn money from job and save enough money for your business which you want to start. It is very important for business because you will not face any loss.
 

Mataracy

Well-known member
Its very better to start business little capital than taking a loan because when you take a loan you will not have rest of mind weather yiuare going to make it at the end or not .
Any little capital you start with its just a matter of time your business will soon grow big when you put more effort and manage the business very well .so its not a must to start business with a loan.
 

btaliat

Valued Contributor
Starting a business with loan is not advisable but not a bad idea. We can always start businesses with our saving and investment. But if there is need to risde more capital for the business, then I think we can seek the help of our families and friends rather than obtaining loan from bank which always give stringent rules and always wish the loans are not repaid so that the collateral may be forfeited to them. That's why we need to save in order to avoid all these unnecessary borrowing.
 
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