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How to start a business without loan?
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[QUOTE="Caramelle, post: 214308, member: 150"] [JUSTIFY]The most common solutions are for an individual to save up for the capital or to start soft and small. Saving up for capital can help you avoid resorting to loans that can hurt your financial standing for a long time. However, this approach could take a long time and some business ideas can't wait so this isn't always the best idea. Starting small can be helpful in terms of getting the experience and exposure in your chosen line of business. You can always expand it when it proves to be successful by reinvesting your profits. Some businesses are meant to stay small in order to remain profitable. It does have its disadvantages. Nowadays, customers prefer places that offer multiple products and services. For instance, people flock to big malls because they offer almost all types of businesses and services on top of their entertainment value. The most successful mall operators will usually provide bills payment, foreign exchange, official document requests, and even phone loading services for free. Thus, if you're starting small in some cases, you may not be able to build the clientele you need to maintain your business or support its growth. For business ideas that can't wait, its proponents may opt to finance the business by bringing in an angel investor. In such cases, they can avoid the pitfalls of resorting to loans by sharing ownership and profits from the business. [/JUSTIFY] [/QUOTE]
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